Apartment House Rent Rental
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The city of Arroyo Grande will spend almost $1.5 million to buy a 2.5-acre property to build affordable rental housing. The City Council, acting as the board of directors for the citys Redevelopment Agency, voted unanimously this week to make the purchase. As many as 56 homes or apartments can be built on the 104,186-square-foot property at Courtland Street and East Grand Avenue.
The mortgage mess is claiming a new group of victims: renters. Across the country, a rising number of landlords are falling behind on mortgage payments, sending their properties into foreclosure, according to legal-services attorneys, local officials and financial experts - and