Affordable Housing Panel – Feb. 8

With the approval of the City Council of the City of Culver City of the first three years of the
Comprehensive Housing Strategy in 2008, Culver City was poised to create 54 affordable housing
units by 2013 and projected to create 264 affordable housing units by 2015. Culver City’s Tilden Terrace commenced construction last year and will redevelop an entire block with a place-making, mixed use affordable housing development. These residences represent the first affordable family housing units created in 10 years in Culver City. All of these units were funded significantly by the Redevelopment Agency’s Low and Moderate Income Housing Fund (LMIFH). In 2011, efforts to construct new affordable housing units came to a halt, and nearly 20% of the 54 units and all other future affordable housing units may never be built.

It has been one year since the devastating loss of the Low and Moderate Income Housing Fund
through the elimination of Redevelopment Agencies. Culver City lost $8 million annually, resulting
in a significant blow to the creation of affordable housing in Culver City. Other cities throughout the state have felt similar impacts.

Assemblymember Holly Mitchell and the City Council of the City of Culver City invite you to attend
a roundtable discussion on the future of creating affordable housing in this new landscape on
Friday, February 8th between 9:00 AM to Noon. Leaders from the affordable housing
development, lending, and academic communities will discuss topics ranging from creating
permanent sources of funding to using local zoning to create affordable housing. The Honorable
Holly Mitchell from the California State Assembly will serve as one of the Roundtable Panelists.
Ms. Kathe Head, a Managing Principal from Keyser Marston and Associates, will serve as the
discussion facilitator. Leaders from the affordable housing development, lending, and academic
communities will discuss topics ranging from reinstating the LMIFH to the using local zoning to
create affordable housing.

Please RSVP by February 5, 2013 to Tevis Barnes at (310) 253-5782 or [email protected].

Friday, February 8th, 2013
Time:    9:00 AM to Noon
Location: Mike Balkman Council Chambers – 9770 Culver Boulevard, Culver
City, First Floor
Parking: Free accessible parking at City Hall (off Culver Boulevard and
Duquesne Avenue)

Photo courtesy of Culver City Times.