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Tony CA County Seeking more Affordable Housing

October 14th, 2015 Comments off

san_francisco_fromMarin_Co__dan_heller__creditMarin County officials are seeking methods to either build or maintain affordable housing in this very pricey neighborhood of the San Francisco Bay, according to nationalmortgagenews. At a workshop on housing in the Chambers of the Board of Supervisors, there were many proposals from the overflow citizenry, but the county planning staffers drew the most applause when they suggested, instead of building more housing, preserve the existing affordable housing.

As MHProNews understands. they suggested buying market-rate homes for rental to low-income residents, and enacting rent control programs in unincorporated areas that could preserve up to 4,000 multi-family units. While this could have an immediate impact on rents, several supervisors expressed caution about the response from the landlord community.

We do need to keep rents stable, “but the way in which that is done requires careful consideration,” Supervisor Steve Kinsey said. Board President Katie Rice, noting rent control is no silver bullet solution to the problem of affordable housing, says the idea deserves a closer look.

Brian Crawford, head of the Community Development Agency, and planner Alisa Stevenson, in addition to buying market rate homes for conversion to affordable housing, they suggested reviewing down payment assistance for workers who live near a Marin workplace. They also suggested a subsidy or other incentives to landlords who rent to low-income tenants. ##

(Photo credit: Dan Heller–view of San Francisco from Marin County)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J. Silver to Daily Business News-MHProNews.

Manufactured Homes are the New Condos in Marin

July 14th, 2014 Comments off

With single-family home and condo prices rising in the San Francisco Bay area, along with rents, Marin real estate agent Laura Watts calls manufactured homes (MH) “the new condos,”according to marinij.com. For the first six months of this year compared to 2013 the median price of a manufactured home has risen 44 percent, to $135,000. Laura Cobb jumped at the opportunity to buy one for $200,000 overlooking a lagoon in San Rafael. The reasons for the increase, MHProNews has learned from Blaine Morris, the head of the Marin Association of Realtors, are firstly, prices were unnaturally low due to the 14-year litigation over rent control between Equity LifeStyle Properties and the city of San Rafael that lent uncertainty to MH values.

Secondly, the overall rise in prices in the Bay Area have been on a tear as housing began recovering, and with fewer and fewer affordable housing options, MH began rising also. Ms. Cobb’s home is in 396-homesite Contempo Marin, a community so big that sales there comprise 42 percent of all homes in Marin, says Watts. The highest price a home sold for there this year $310,000. ##

(Photo credit: Alan Dep/marinindependentjournal.com–Contempo Marin MHC in San Rafael, Calif.)