Habitat for Humanity for San Luis Obispo County One Step Closer to Building Five New Homes

Paso Robles City Council and Redevelopment Agency Reserve Funds for Low-Income Housing

San Luis Obispo, CA, November 18, 2010—The Paso Robles City Council and the Redevelopment Agency voted Tuesday night to reserve funds which would enable Habitat for Humanity for San Luis Obispo County to build five new homes for very low-income families on Vine Street in Paso Robles.  The City set aside $225,000 in CalHomes funds to purchase the property where the houses would be built.  The Redevelopment Agency reserved an additional $270,000 in Redevelopment Low and Moderate Income Housing Funds which will be used to offset city fees associated with the project.  Actual allocation of the funds is contingent upon Habitat’s acquisition of the funding necessary for construction of the homes.

Julia Ogden, Habitat’s Executive Director said, “We are very pleased that the Paso Robles City Council and the Redevelopment Agency have voted to support our effort to make homeownership a reality for five low-income families in San Luis Obispo County.”

Relying on the donation of money and materials, Habitat builds homes using volunteers who work side-by-side with the partner families who will purchase the completed homes.  Houses are sold for no profit and are financed through affordable no-interest mortgages.  Mortgage payments are used to help finance additional low-income homes in the county.