The Statewide Community Infrastructure Program (SCIP) sounds like another name for 30-year Mello-Roos-type bonds whose proceeds are used to pay for things that governments or home builders used to cover.
Here is their intro:
The Mello-Roos at this Carmel Valley new tract is $2,932.90 per year, plus the Statewide Communities Infrastructure Program requires another $4,300 per year (total = $7,232.90 or about $603 per month):
Sure, he shows all that fancy stuff for over a million, how about some decent new homes in the $800,000s?
If you have flexibility on where you live and yet want easy access to south Carlsbad/Encinitas over the hill, here are good-sized new homes that start in the mid-$800,000s:
This builder is finishing up their 55-and-over tract, and moved over to this new tract of modern contemporary design in an affordable range – how innovative!
The HOA will be around $243 per month, and the Mello-Roos is $415 to $463 per month. Yet these are flying off the shelf in the mid-$800,000s!
The area south of Cannon Road and College Blvd. is one of the last big parcels to be developed in Carlsbad. Rather than throwing up as many stucco shacks as possible, the original plan was to build luxury homes on half-acre parcels. They’ve been trying to get it done for almost 20 years!
Here’s what it is like to be a builder – the timeline of progress:
Whether you are part of the multi-gen craze or not, it has impact on the choices available – virtually all builders are going for the big bombers, and hope buyers will adjust. These cost $2 million or more by the time you’re done:
Those who want to get involved in smart growth/affordable-housing issues can attend the San Diego City council meeting today at 2:00pm. The City Council members have submitted ideas, summarized here:
Sell or lease government-owned land.
Defer or waive permit/development fees.
Streamline the approval process.
Solicit state and federal funding for affordable housing projects.
Encourage granny flats and smaller houses and lots.
Reduce parking requirements.
Tax rebates for building affordable housing.
Issue specific policy on short-term vacation rentals (Airbnb).