News
Lift to Rise’s 15 Million Dollar Housing Fund
A big celebration for Lift to Rise this week, the state will allocate 15 million dollars for future housing projects in the valley .
“We know that we’re in a housing crisis… what this funding will do is help to catalyze and spur the production of affordable housing, so that there’s more housing that our families can afford.” President and CEO of Lift to Rise, Heather Vaikona states.
Vaikona says that this fund is not a form of aid, but a structured housing fund which gives low interest loans to housing developers to help build affordable housing units.
“We’re just so incredibly grateful for the more than 60 organizations who collaborate in this work who have committed to a shared goal of radically increasing the supply of affordable housing in the Coachella Valley.” Vaikona shares.
Assemblyman Eduardo Garcia and the Housing Collaborative Action Network worked together to secure the million dollar funding.
Garcia says it will help achieve their plan of 10,000 affordable homes to be built right here in the Valley.
“This funding is critical to complement the other funding sources that have already been secured to build the much needed housing in our region. Anyone that is in the housing industry knows that it takes a lot of different sources of funding to be able to build in this community, particularly built for middle income and low income families of our region.” Assemblyman Garcia states.
Funds will go to developers and non-profit organizations, who often struggle to find funds to help with the ongoing housing crisis.
“The Coachella Valley has had a deficit of housing. It’s been disinvested in many cases for years.” Kenny Rodgers, Deputy Director of the catalyst fund.
Now officials say, these developers will still be required to meet specific qualifications.
“A developer has to have years of experience to prove that they have done affordable housing before they’ve got to have a fairly substantial balance sheet based general credit references with other lenders and prove that they can make the deal both on operational standpoint work but also as a construction deal.” Rodgers states.
By: Tiani Jadulang
November 10, 2022
Latest Instagram Posts
After a car drove through a walkway, damaging Bill’s Pizza, the restaurant appears to have begun repairs and is still open the following day. The neighboring store, Gallivant was also damaged and is closed until Monday. The store has a gofundme page opened for them by a neighboring bookstore to support the cost of the damages. NBC Palm Springs is following the effects of this accident and what this means to the Palm Springs community. #billspizza #palmsprings #continuingcoverage #localnews #coachellavalley
Researchers at Southern Illinois University Carbondale are using bioengineered baker's yeast to break down plastic into ingredients for cookies.
Camden, Arkansas, is the unlikely hub of US missile manufacturing after years of conflicts in Ukraine and the Middle East have drained the country's arsenal. But the Trump administration's push to scale up defense production is colliding with the limits of the small, rural town.
Who makes the NBC Top 3, winner will be announced Sunday night on NBC Palm Springs, with the player who makes the number one spot winning a $250 prize from @hondaofthedesert! Comment below if it will 1) Devin Session with the diving TD, 2) Mason Flores with the dot on the run, 3) Reese Johnson with the clutch FG, 4) Kaylaun Smith running over defenders, or 5) Joshua Perez with the TD throw. #hondaofthedesert #fnl #fridaynightlights #fyp #highschoolfootball
🏒🔥 LET’S HEAR FROM TIM O’BRIEN! We’re kicking off Coachella Valley Firebirds Opening Night and catching up with Tim O’Brien! Hear what he has to say as the Firebirds get ready to hit the ice for another exciting season. 🏒🔥 #CoachellaValleyFirebirds #Firebirds #OpeningNight #Hockey #CoachellaValley PalmSprings CVFirebirds
SHARE this reel to help find ‘The Fab 5’ a home! 🐶🤍 #therogginreport #palmsprings #dogrescue #coachellavalley #nbcpalmsprings
🎀 October is Breast Cancer Awareness Month. Take a moment to know the warning signs, schedule your mammogram, and talk with your doctor about the screening schedule that’s right for you. Early detection can make a difference. 💗 #BreastCancerAwareness #BreastCancerAwarenessMonth #Mammogram #EarlyDetection #BreastHealth CoachellaValley DAPHealth
🎬 FREE MOVIE TICKETS! 🍿❤️ Our Manny the Movie Guy is here with a chance to see the upcoming screening of “Love of Your Life” — FREE! 📅 This Tuesday 📍 Mary Pickford Theatre — Cathedral City Want to see the movie before everyone else? Manny has the tickets! 🎟️ Watch for details on how you can enter and score your FREE tickets! #MannyTheMovieGuy #LoveOfYourLife #FreeTickets #MovieScreening #CathedralCity CoachellaValley MaryPickford NBCPalmSprings
🚨 SB 1379 is officially law, separating the Riverside County Sheriffs department and the coroners offices effective July 2027. @maria_nvtv spoke with Sheriff Chad Bianco and a local mom, and both spoke on what this means to them. Be sure to go to nbcpalmsprings.com to see the full report #SB1379 #RiversideCounty #CaliforniaPolitics #ChadBianco #incustodydeaths
It’s time for Season 5!! Fuego stopped by the studio today with a message! Coachella Valley Firebirds season opener this Friday, October 2 at 7 p.m. — tickets at CVFIREBIRDS.COM