California is one of the most expensive housing markets in the country. Because the minimum annual salary required to purchase a median priced home is more than $100,000, only 14% of California households can afford one. That leaves many hard-working people – from teachers and first responders to clergy and restaurant servers – unable to rent even a two-bedroom apartment for their families. Providing affordable housing in the very communities where people work is the solution.
Inclusionary housing programs require that new developments provide a percentage of affordable units, and may provide incentives to developers for voluntary inclusion of affordable units. Jamboree’s strategic financial partnerships and resources allow us to collaborate with master developers to help secure financing and achieve their inclusionary housing goals.
Mendocino at Talega
San Clemente, CA
The Arbor at Woodbury
Are you a potential development, financial, design/construction, municipal, community service, agency, and/or business partner? Start the conversation today. If you’re looking to rent at a Jamboree community, find out what to do next on our FAQs about applying for quality affordable housing.