By Jonathan Lansner, Orange County Register
July 21, 2020
Want another sign of the hurdles many households face in finding housing that won’t bust their family budgets?
An affordable apartment project in Irvine drew 6,818 applications for 80 units.
The city-inspired Irvine Community Land Trust has closed the interest list for the new Salerno complex where income-qualified rents will start as low as $590 monthly. Salerno, the trust’s fourth affordable rental project, will have 24 one-bedroom, 16 two-bedroom and 40 three-bedroom apartments with rents far below market value.
“Oh my God, we have so much work to do,” said the trust’s Executive Director Mark Asturias of the low-cost housing shortage. “We will be in business for the next century at this rate.”
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