The California Housing Finance Agency’s Residential Development Loan Program (also known as CalHFARDLP – say that five times fast) announced today that Bakersfield will receive $1 million in funding “to assist with the land purchase for the development of 35 affordable for-sale condominiums.” The condominiums they’re referring to are part of the Mill Creek development project planned for downtown Bakersfield. You can read more about the plan here.
The area they’re focusing on is between Union and Q streets, right around Central Park (which I just found out has been renamed Veterans Memorial Park.) It is indeed a blighted area and in need of development.
I just have one question… what are they going to do with all the bums?
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