The Santa Barbara Unified School District is moving forward with the development of 106 affordable apartments in the Eastern Goleta Valley, with 97 units reserved for district employees.
The Tatum Project
The housing development, known as the Tatum Project, will be constructed on a 3.65-acre portion of land off Hollister Avenue. The land was previously owned by Disney executive Donn B Tatum and was repurchased by the district for $7.4 million.
A 99-year lease was signed with housing developer FLT San Simeon Oaks, and the Housing Authority of the County of Santa Barbara will manage the property. The units will be income-restricted, with rent geared toward households earning around 60% of the area median income.
According to Dr. Hilda Maldonado, Superintendent of Santa Barbara Unified School District, ‘Great schools are built by people and people need stable, affordable places to call home. We are committed to making that possible.’
Original reporting: KEYT (Ventura/Santa Barbara) — read the source article.
