Unfortunately Yorba Linda is being forced to put in some higher-density low-income housing projects. Many places have been suggested for these (there will be multiple developments) because no one wants them near their homes. There in lies the answer. If you don't want them near you, then it's not seen as a positive thing be other as well. This negative feeling drives down prices of existing homes around the area where they are build. How much does it drive them down? We don't know.

Many have suggested putting these housing units in Savi Ranch where nobody lives so that it doesn't affect any home owners.

We'll all have to wait and see where they put them.

Mike is right on this. YL has had some low income projects that went sour. One in Kellogg Terrace Townhomes
Low income people got 50% off with the proviso their unit stayed in the category.. less appreciation so when they sold other low income would be able to afford the home. Well, they sued. New owners did not want to lose the "equity" others enjoyed. Liberal courts said OK. Forgetaboutit. These give away deals always fail the free market test. Want another? Homes built for low income on YL Blvd, near Albertsons during the Brown administration.. builder got perks for the beach projects in exchange for low quality income tract.. built on metal jacks.. Trailers to anyone in the know. Attractive for the low income HO.. but now considered a trailer park. Lots of foreclosures next to expensive type homes. Would be more expensive sans this blight. More of this in YL, but you get the drift. Low income homes abound in near by cities.. just look at any Liberty St. listing
Short sales.. hey many available but low income refuse them. We have enough to go around now

absolutely, yorba linda already has enough low income housing. we need to keep it the land of gracious living

mryl

Many homeowners fear low-income housing will decrease their values. However, ask some key questions: 1) what are the income requirements? 2) Is is for owners or renters? 3) what are the CCR's?

For example, in Los Gatos (a high income area, with avg of $120K+/annual income at the time 15 years ago), the first low income rental housing had a requirement that renters' income ranged between 40-60% of that city's average (~$50-70K)-not exactly poverty level. Within the first 3 years, about 8 families had managed to save enough money to move out and purchase homes on their own (the goal of the program).

In that area, values continued to rise at normal to high levels, contrary to existing homeowner expectations.

It is sad to say low income housing does not help improve values in the area. The property itself will become less desireable.

Are they low income condos /apartments? These are rental units?

Hi Caren. What are the income qualifications for the new project. I don't know if there are any low income housing projects anymore in CA. I think there may be affordable housing projects, but in my opinion most true low income buyers will not qualify for them.

I general, you can expect that the addition of an affordable income housing project to a neighborhood will slow down appreciation in that area. Since the homes have to be most likely owner occupied, at least you don't have to deal with the more frequent turnover that you usually see in predominantly tenant occupied areas.

Of course it does. You will compee price per square footage with the low income homes. Steer cear of these areas. You can..........