Irvine Housing Manager Provides Update to Business Leaders at Greater Irvine Chamber
Friday, July 07, 2017
In the third and final installment of the Greater Irvine Chamber’s Government Affairs Committee 2017 Summer Housing Series, Mark Asturias, executive director of the Irvine Community Land Trust (ICLT), discussed the operation of the Trust and how it helps provide housing to low- and moderate-income families, enabling them to become homeowners in Orange County. The session took place on July 6 with a group of business leaders and representatives of local elected officials.
Asturias outlined projects underway and those expected to begin in the near future that will help meet the high demand for housing in Orange County, as well as an ownership program that will be offered through a partnership with Habitat for Humanity of Orange County. He underscored the need for further proliferation of affordable housing in Irvine and Orange County by explaining that for roughly every 100 units developed, there are 2,000 or more applicants. Because of this large number, applicants are chosen based on a lottery system.
“Affordable housing is an integral part of the residential master plan that makes up Irvine,” said Whit Peterson, director of Government Affairs, Greater Irvine Chamber. “Orange County must offer viable options to house a growing and increasingly diverse workforce. The Chamber applauds the long-term vision and planning of the ICLT and community partners that make these projects achievable.”
The ICLT was created by the City of Irvine to provide secure, high-quality affordable housing, through the operation of a non-profit community land trust, securing and retaining title to land on which permanently affordable rental, ownership, and special needs housing is constructed and maintained for the benefit of income-eligible families.
ICLT Board of Directors is made up of seven members including Irvine Council Members Melissa Fox and Christina Shea, and Greater Irvine Chamber’s own President and CEO Bryan Starr who serves as chair of the ICLT Board.
For more information about GICC Government Affairs and how to become involved, contact Whit Peterson.
Category: Chamber News