In the Pipeline: Vera Cruz Village at 116 E. Cota Street

 
Image of Vera Cruz Village at 116 E. Cota Street in Santa Barbara

Vera Cruz Village at 116 E. Cota Street

2nd Story Associates is proud to serve as a general partner in Vera Cruz Village. Located at 116 E. Cota Street in Santa Barbara, the project will serve the homeless and special needs population of Santa Barbara by providing 28 new affordable rental studio units, a two-bedroom manager’s unit, and free supportive services.

The Housing Authority purchased the site, previously approved as an AUD project for 15 two-bedroom market-rate rental units and commercial space on the ground floor, with plans to convert the development to provide affordable housing units. In the City of Santa Barbara there is a particular need for more affordable housing units for homeless families and individuals.

As of this date, the countywide estimated need for permanent supportive housing units for the homeless is 1,366 and 927 units are still needed to effectively address homelessness in our region. Vera Cruz Village serves as an important response to the critical need for affordable housing in our community. All studio units will be subsidized with  Project-Based Vouchers, making rent affordable at 30% of a resident’s income. The project is currently under construction and due to be completed in the summer of 2023.

For more information, visit the Housing Authority of the City of Santa Barbara’s website.

 
 
 
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