![]() ![]() The development comes as the state, mired in a housing crisis, pushes local municipalities to build more affordable housing to keep up with demand and a growing population.Īccording to the city's Regional Housing Needs Allocation, a process mandated by the state that allocates the number of housing units to be built within a specific time frame, Palm Springs needs to plan for 2,557 new housing units at various income levels from now to October 2029.Įarlier this year, the state awarded Community Housing Opportunities $21 million to help build the Monarch apartment project. The affordable housing project is the first in Palm Springs in 12 years. "The building of affordable housing is what helps prevent and deters homelessness." "It's so critical to build affordable housing, especially in this day and age," said Joy Silver, the regional director of Southern California for the Community Housing Opportunities. The Monarch Apartment Homes expect to be completed sometime in 2023, officials said. The Monarch will be completed sometime in 2023.According to the city's Regional Housing Needs Allocation, Palm Springs needs to plan for 2,557 new housing units at various income levels from now to October 2029.The $31 million, 60-unit Monarch Apartments Homes will feature one-, two- and three-bedroom apartments with a balcony or patio.Community Housing Opportunities Corp.'s new affordable housing development is the first of its kind project in Palm Springs in 12 years. ![]()
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