The Village & Lighthouse
Mixed-Income
Acquisition
in Santa Barbara, CA
Acquisition
in Santa Barbara, CA
Project Overview
Location:
Santa Barbara, CA
Units:
112
Status:
Operating
Located in Santa Barbara, CA, one of the most expensive housing markets in the country, The Lighthouse and The Village provide units affordable to households at a range of incomes, ensuring housing stability in a market with a severe affordability crisis. An extensive capital improvement plan includes unit renovations, along with property enhancements including balcony upgrades, improved building systems, and new landscaping.
The Turner Foundation, a long-standing, local nonprofit, operates the properties and offers on-site community programming, including after-school tutoring, music and dance lessons, art and cooking classes, finance classes, a food bank, and more.