Affordable housing in Ventura - New 2005 $ amounts

The City of Ventura has just issued the new affordable housing prices on the Affordable Housing Program. The information will be up on their web site starting tomorrow (Wed 3-2-05) at www.ci.ventura.ca.us .

This is very disappointing news to the residents of Northbank Greens, Seneca Highland, Los Cabos, La Paloma, Country Groves and Country Harvest Developments. Last year these residents were blessed with a hefty raise in pricing from the government. This year the 4 bedrooms have gone down and the 3 bedrooms have gone up (but not by much!).

I was told on the phone that the limit for a 4 bedroom moderate income home has dropped to $402,313. The 3 bedroom has gone up to $346,963. This is great for anyone trying to buy in these developments but terrible for the sellers who thought they would make much more money this year.

Loraine, Realtor