Nonprofit housing developer seeks to purchase Watsonville complex

There are 13 comments on the Santa Cruz Sentinel story from Jun 18, 2009, titled Nonprofit housing developer seeks to purchase Watsonville complex. In it, Santa Cruz Sentinel reports that:

Sunny Meadows, a 40-year-old low-income apartment complex on Ross Avenue, will continue to offer some of the area's cheapest rents for another four decades under a plan put forth by a nonprofit housing developer.

Join the discussion below, or Read more at Santa Cruz Sentinel.

Lynn

Brentwood, CA

#1 Jun 18, 2009
Jan Lindenthal, formerly of South County Housing Corporation, now works for Mid Peninsula Housing Coalition.
She will not go away

Alameda, CA

#2 Jun 18, 2009
Great, when will this woman move back east somewhere?
Right on Time

Watsonville, CA

#3 Jun 18, 2009
These nonprofit housing associations are nothing but a front for huge for-profit developers. They form a small, innocent and benevolent-looking nonprofit so they can access state and local redevelopment money. In reality, they are huge partnerships that make a few people very, very rich. Say no to more development of so-called, "affordable housing"!!!
Watsonville resident

Cobb, CA

#4 Jun 18, 2009
Only 3 are truly affordable, while 87 are "subsidized" - meaning they're mostly paid by taxpayers thru Section 8, etc. And Section 8 tends to pay higher than the going rate of units on the private market, creating rent inflation. And of course, putting 20% of redevelopment funds into affordable housing will certainly stimunlate Watsonville's economy - just like pouring millions and millions of dollars into the new city hall revitalized our downtown.
Del Rey

Santa Cruz, CA

#5 Jun 18, 2009
Lynn wrote:
Jan Lindenthal, formerly of South County Housing Corporation, now works for Mid Peninsula Housing Coalition.
Why am I not surprised at this?

You may be interested in learning more about non-profits and their financial statements at http://www2.guidestar.org/ . Registration is free and you can view (in PDF) the Form 990 tax filings for NPOs.(More info is available, but you have to pay for that.) Quite interesting... lots of big numbers.
cleanituptoo

San Leandro, CA

#6 Jun 18, 2009
Yea what you really need to do is qualify and investigate all the moms living there with the drug dealing daddy's or visa versa. They are frauding our system, all able bodied and need to work. The gang infestation is sickening and in need of a full revamping, even if you speak english only you should be able to live with assistance too.

“PUBLIC SERVICE ANNOUNCEMENT”

Since: Jun 09

North Lake Tahoe

#7 Jun 18, 2009
So sad!"extraordinary efforts were required from each of you to resolve numerous technical issues in order to get these permits issued by the deadline date."

I found this at

SantaCruzPlanning.com

Sounds like some "special" treatment going on here.
How did these turnout- with the special treatment and all, seem it must of gone pretty smoothly.
Hey- how does a plain ole developer or contractor- get some of this nice FAST treatment-
Oh sorry no that would take bribery or at least some pretty big time inside influence.....hmmmm

COUNTY OF SANTA CRUZ
INTER-OFFICE CORRESPONDENCE

DATE: January 20, 2000

TO: Jan Winter, Rachel Lather, Laura Brinson, Jack Nelson, Martin Jacobson, Ken Hart, John DeCourcy

FROM: Alvin James, Planning Director

SUBJECT: San Andreas and Vista Verde Housing Projects

Yesterday, our department issued two building permits for affordable housing projects in Santa Cruz County- one to construct 43 units of replacement farm worker housing at the San Andreas farm worker housing site, and a second permit to construct 76 units of affordable housing in South County at the Vista Verde project site. Both of these projects were eligible for substantial tax credit financing from the State of California, but only if they obtained building permits from the local jurisdiction before January 21st. I know that extraordinary efforts were required from each of you to resolve numerous technical issues in order to get these permits issued by the deadline date. The fact that there were two projects under this same time line created added pressures on each of you. I want to thank you for your personal attention to these very important projects. We can all be proud of the job we did to help make these projects happen.

Since: Feb 08

Santa Cruz

#8 Jun 18, 2009
What water shortage???

“PUBLIC SERVICE ANNOUNCEMENT”

Since: Jun 09

North Lake Tahoe

#9 Jun 18, 2009
Here is Tom Burns as Redevelopment Head- spending your miney with "Pajaro Valley Housing Corp" AND SOUTH COUNTY HOUSING!

Pretty FISHY!

http://sccounty01.co.santa-cruz.ca.us/bds/Gov...

http://sccounty01.co.santa-cruz.ca.us/bds/Gov...

If the link break check it out at SantaCruzPlanning.com
and follow the links to Vista Verde
disabuser

United States

#10 Jun 18, 2009
Could someone explain the financial transaction for me? 200 units for $6 million works out to $30,000 a unit. That amount amortized over 30 years at 6% is $180 a month. The article said rents were around $900. Who has been and will claim the excess income?
General BillBo

San Francisco, CA

#11 Jun 19, 2009
disabuser wrote:
Could someone explain the financial transaction for me? 200 units for $6 million works out to $30,000 a unit. That amount amortized over 30 years at 6% is $180 a month. The article said rents were around $900. Who has been and will claim the excess income?
Hmmmmmmmmmmmm.........,

Watsonville Politics?

As Dr. Neary used to say in his Political Science Class atCabrillo College, politics always boils down to whose ox is getting gored.

So, in Watsonville's Politics - where the Combined Overall Electorate has absolutely no representation whatsoever - take a wild guess about whose ox is getting gored here?

But, as to where the money went?

It sure didn't go into genuine Public Benefit - that's for sure!!- cuz the unrepresented Public's "ox" is only for the selfish pleasure of our Dirty Demo Crony Appointed "government" and their filthy big money bun buddy backers.

Sieg Heil you friggen NAZIS!

(You really can't be "just a little bit" Anti-American - even if it "sez so" in the City Charter.)
Mikey

Oakland, CA

#12 Jun 20, 2009
Goverment, goverment,dad burned goverment
logic

Menlo Park, CA

#13 Jun 20, 2009
Market rate is affordable in Watsonville, you can make $10 an hour and afford an apartment, no government money required. Please use the money redevoloping the old canning and cold storage buildings, that will bring in jobs.

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