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Nineteen affordable (low and very low income) units were issued building permits.
Market rate: 88 single family, three second units, and 25 condominiums units were issued building permits
The Town currently maintains a stock of approximately 405 affordable units.
A physical inspection of the Town’s affordable housing stock revealed that most units are well maintained.
In Windsor, 228 Market Rate single family homes and condominiums were sold.
In 2007, the single family home median price was $532,000. In 2006 the median price was $584,000.
The Town continued its practice of using Redevelopment Agency (RDA) low / moderate funds to assist in home-ownership.
The Town committed $900,000 in RDA funding to assist in the pre-development of Windsor Redwoods, a 46-unit low and very-low income rental project.
The Town committed $550,000 in RDA funding to the Terra Green project (11 for sale affordable units).
The Town applied for a $4.5 million RDLP loan to assist the 22-unit Manzanita Self-Help Project.
The Town applied for BEGIN grants for both the Terra Green and Manzanita Projects.
It was determined that if all projects that were granted allocations were built, over 200 affordable units would result.