– April 20, 2009Posted in: affordable housing, fullerton, redevelopment

Damn. Another Fullerton Redevelopment Agency saga of screw up. This one is a bit long and I bring it to you Dear Friends of Fullerton in serial form.

Way, way back in the early 90s the Redevelopment Agency was still trying to figure out how to buy down the ever-increasing affordable housing set-aside monies it had illegally accumulated over the years, and which a lawsuit had forced it into spending. One type of project that was acquiring some cachet at the time was the SRO – Single Room Occupancy – a long term hotel-type rental for people in fairly marginal economic circumstances. The County had pledged a million bucks of its own to sweeten the deal. Click here to read more.