Tour: The IE Shift: Where Affordability in SoCal Still exists

Lunch Included
Monday, February 4, 2019 09:00 AM – 5:00 PM Balboa Building, Hyatt Regency Newport Beach Separate Ticket Required

The mobile tour will include presentations/discussions, product tours and lunch. Pick-up at 8:45am in front of the Balboa Building (to the right of the Main Entrance).

A study for UC Riverside’s School of Business Administration found that 40 percent of workers leave the Inland Empire to go to work.  It is a fascinating look at the massive commuting culture we have here in Southern California but also underscores the lack of affordable housing near places of employment. Why would anyone leave the wonders of LA or Orange County? According to economist John Husing, the answer is affordable and attainable housing. The median home price in the Inland Empire market is about $233,000 cheaper than in Los Angeles County, and $412,000 cheaper than in Orange County. The fact is that the Inland Empire has the one thing in Southern California that you need: land and undeveloped property.

Oakcrest Terrace (Affordable)
The affordable housing community of Oakcrest Terrace, completed in 2016, features 69 beautiful apartment homes of 100% affordable for 30%-60% AMI households located in the Savi Ranch neighborhood of Yorba Linda. The onsite 3,700 square foot community center includes a computer lab, meeting space and an afterschool program. Designed to provide affordable housing options for the local workforce, seniors, veterans and families,

New Haven (Market Rate)
New Haven is a development in the new Master planned community of Ontario Ranch in Riverside County (East of Orange County). Attainably priced and thoughtfully designed Townhomes for the first-time buyer feature large great rooms, modern kitchens and balconies or patios for outdoor dining.

Santa Barbara at Chino Hills (Apartments)
With over 40 years of experience, Lewis Apartment Communities is a leader in the development and management of rental communities with apartments for rent in Southern California, Northern California and Nevada. This community includes premium amenities, smart home features activated and supported by Amazon (Amazon Echo spot, Ring video Doorbell, Ecobee Thermostat, and voice-activated lighting), a variety of floor plans – including a handful of single-family residential units – and gorgeous exterior architecture.