Kylie Jenner, a developer, will build $1 billion affordable housing in Orange County
Kylie Jenner, an Orange County developer, plans to build $800 million in affordable housing on her 7-acre site in the Orange County community of Westlake.
Jenner’s project will include 7 luxury homes, an apartment complex, and an office park.
She is one of several Orange County developers who have committed to build affordable housing, the latest in a string of moves to expand the region’s supply of housing in the wake of the Great Recession.
The move comes after Trump announced plans to cut the Federal Housing Administration (FHA) and the state of California $1.5 billion to help fund the development of new housing in areas that are particularly vulnerable to gentrification.
“This is an opportunity to give the most vulnerable residents of our communities a chance to get a good deal on their property and be able to build their dream home,” said Jenner in a statement.
Since the Great Depression, affordable housing has been a major driver of the county’s economic vitality, with more than 30,000 units built in the county during the Great Migration.
A report released last year by the Orange county Chamber of Commerce found that the influx of immigrants and refugees, combined with a surge in the population of the wealthy Westlake area, helped the region increase its median income to $81,000 in 2019.
But a number of local communities have seen gentrification and the influx that accompanies it.
In 2014, the Orange Countians Council of Governments (OCCOG) found that, in addition to the lots of housing that was being built, there was a significant increase in the number of homes that were being vacated for rental or commercial purposes.
Cities like Westlake and Laguna Niguel, both of which have been hit hard by gentrification, have seen more than 1,000 rental units being foreclosed on, as well as the displacement of more than 2,500 residents.
Earlier this month, a group of local business owners formed the Irrigation Coalition to advocate for affordable housing and to stop the increasing gentrification in the area.
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