Coastal Housing Partnership
There's no way around it: Santa Barbara is expensive.
Great place to work...but...expensive place to live!
Surrounded on all sides by geological constraints, new home construction in the area is limited. There are more jobs here than the housing market can support. This forces buyers to look outside the city limits to more affordable areas. Anyone who has seen weekday traffic on Highway 101 can attest to the amount of people who live outside of Santa Barbara but work within it.
A study by the Coastal Housing Commission (here) found a dramatic decrease in local population between the ages of 25-44 in the last 20 years. In addition, median income has not kept pace with median home prices. There are certainly other factors at play here, but it is no coincidence: the lack of workforce housing is impacting the demographics of our area.
Why do I care about this issue?
After spending 10 years as a mechanical engineer in Santa Barbara, I saw first hand the impact of limited workforce housing. I worked with dozens of people who commuted to Santa Barbara from as far away as Santa Maria and Camarillo. They sacrificed hours and hours of family time each week to make the drive to work.
That doesn't sit well with me, and this is how I have decided to contribute: I've become the newest member of the Coastal Housing Partnership!
From their website: "Coastal Housing Partnership is a nonprofit organization dedicated to serving the community by assisting local employees with their home buying needs." Specifically, I am committing to a rebate of 20% of my commission for home buyers who are employed by companies in the partnership network. For example: on the purchase of a $750,000 home where I earn a 3% commission, my clients would get a check for $4,500!
Which companies are in this network, you ask?
I couldn't be more excited to participate in this program. The local workforce has a special place in my heart, and I'm proud to be able to give back. If you work for one of the companies listed above, contact me to get started on your home search!
Devin Wong // firstname.lastname@example.org // (805) 451-6157