Santa Ana, Calif., unveiled two new homes this summer that were designed for first-time buyers and working families at prices that are less than half of what market rate housing in the area commands. The homes were constructed as the result of a public/private partnership with Newport Beach, Calif.-based RSI Development.
Built on two city-owned lots, the homes — 1,621-square-feet and 1,968-square-feet — were completed in 16 days. The city purchased the homes for $85,000 and $95,000, respectively, and will use them as models of affordable housing until they are sold to families who meet the city’s criteria for income and family size.
Santa Ana officials plan to continue the partnership and build several more affordable homes in the city. “For nearly a decade our city sought to find the right partner to address these city-owned lots with a progressive plan for offering affordable housing solutions for our citizens who need it the most and with the vision to help the neighborhood reclaim its rightful vibrancy,” says Santa Ana Mayor Miguel Pulido. “Thanks to RSI’s contribution, the two fully-finished houses were delivered for unheard-of prices. Our partnership with RSI will make the dream of homeownership a reality for deserving families in our community who might not otherwise be able to own their own home, representing a positive impact for the neighborhood that is immeasurable.”