City OKs plan that increases affordable units
City OKs plan that increases affordable units
Source: The Signal
Date: 06/25/2026 5:36pm
Article Summary:
Santa Clarita Approves $110 Million Bond Plan to Expand Affordable Housing at Canyon Country Apartment Complex
The Santa Clarita City Council unanimously approved a plan allowing the Maple Housing Foundation to issue $110 million in bonds to purchase the 256-unit Diamond Park Apartments in Canyon Country and significantly expand its affordable housing units. Under the agreement, 192 units will be income-restricted for at least 15 years, with 128 units guaranteed as affordable for at least 55 years. The nonprofit will take over management of the property, which was previously owned by GHP Management and had faced tenant complaints earlier this year.
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Date: 06/25/2026 5:36pm
Article Summary:
Santa Clarita Approves $110 Million Bond Plan to Expand Affordable Housing at Canyon Country Apartment Complex
The Santa Clarita City Council unanimously approved a plan allowing the Maple Housing Foundation to issue $110 million in bonds to purchase the 256-unit Diamond Park Apartments in Canyon Country and significantly expand its affordable housing units. Under the agreement, 192 units will be income-restricted for at least 15 years, with 128 units guaranteed as affordable for at least 55 years. The nonprofit will take over management of the property, which was previously owned by GHP Management and had faced tenant complaints earlier this year.
Read article here »