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HomeMy WebLinkAbout3D - Public CommentsRe: Discussion on disposition of Highland Gateway Estate Single-Family Residential Lots Dear Palm Springs City Council, Lift to Rise’s Housing Stability Collaborative Action Network (CAN) is writing to express our deep support for Home Ownership Sweat Equity or Homeownership with Down Payment Assistance for item number 3D, request of direction of the disposition of Highland Gateway Estate Single-Family Residential Lots. We encourage the city to work with Coachella Valley Housing Coalition, a local affordable housing developer with a successful record of accomplishment of implementing Home Ownership Sweat Equity programs, for this effort In Palm Springs today, 41% of Black households own their homes, compared to 71% of non-Hispanic white households, and census data reveals that homeowners in Palm Springs earn double what renters earn. In terms of income, the Census data reveals that the median income among Black households in Palm Springs is $43,125 compared to $104,049 among non-Hispanic white households. Homeowners regardless of race earn more than double what renters do. According to Pulitzer Prize winning journalist Trymaine Lee, in his article on Black inheritance in the New York Times magazine, Black people are 13% of the United States population but hold less than three percent of the nation’s total wealth. In terms of net worth, 19% of Black households have zero or negative net worth, while just nine percent of white families are that poor. These outcomes continue to impede the ability of Communities of Color households to build generational wealth. One solution is to use the Highland Gateway Estate Single-Family Residential Lots as Home Ownership Sweat Equity or Homeownership with Down Payment Assistance Home Ownership Sweat Equity or Homeownership with Down Payment Assistance. Lift to Rise Housing CAN urging you to meaningfully consider the disposition of Highland Gateway Estate Single Family residential lots and create Home Ownership Sweat Equity or Homeownership with Down Payment Assistance as it would create more ownership opportunities for communities of color in Palm Springs. Lift to Rise formed to transform the systems that generate supply of affordable housing, recognizing that the combination of low wages and high housing costs are the root causes of financial precarity among Coachella Valley residents. That is why Lift to Rise and over 60 cross-sector partners, including the City of Indio, have coordinated around a shared goal of reducing regional housing cost burden at a population level through the production of 10,000 units of affordable housing in the Coachella Valley by 2028. Together, we are operating off a shared Action Plan which spans 5 key strategy areas: 1.aggregating a pipeline of community-prioritized projects across the valley, 2.growing a regional Housing Catalyst fund to spur production, 3.advocating at the local, state, and federal level for policies and regulatory changes that support housing production in our region, 4.engaging and mobilizing residents and elected officials in support of affordable housing, and 5.keeping residents housed through a coordinated eviction prevention strategy. 11/10/2022 Public Comment Item 3D We stand ready as a collaborative to support for Home Ownership Sweat Equity or Homeownership with Down Payment Assistance for item number 3D. We encourage the city to work with Coachella Valley Housing Coalition, a local affordable housing developer with a successful track record of implementing Home Ownership Sweat Equity programs, for this effort. We thank the city of Palm Springs for joining us in this work thus far and urge the city council to continue to prioritize the production of affordable housing to ensure that all residents are healthy, stable, and thriving and urge you again prioritize affordability in this development. Thank you for your time. Lift to Rise Housing CAN 11/10/2022 Public Comment Item 3D