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Greenbriar Sustainable Living Inc V.GRB

Alternate Symbol(s):  GEBRF

Greenbriar Sustainable Living Inc. is a developer of sustainable entry-level housing and renewable energy projects. The Company’s primary business is the acquisition, management, development, and possible sale of real estate and renewable energy projects. It operates through three segments: real estate development in the United States (Real Estate), solar energy projects in Puerto Rico (Solar Energy) and corporate headquarters located in Canada (Corporate). The Company is focused on building two large-scale projects, namely Sage Ranch in Tehachapi, California and Montalva in Guanica, Puerto Rico. Sage Ranch is a real estate community of over 995 entry-level homes in the Tehachapi Valley, a community located in southern California. Its Montalva property (1,747 acres) is a large utility-scale solar and battery storage building with an initial size of 80 MWac or 160 MWdc, located in the southwestern coastal area of Puerto Rico. Its Cordero Ranch property is located in Cedar City, Utah.


TSXV:GRB - Post by User

Post by shnepson Jun 26, 2023 3:21pm
148 Views
Post# 35515007

Tehachapi House Element Plans

Tehachapi House Element PlansInteresting article in the Tehachapi News this weekend about the City's building needs and requirements.

https://www.tehachapinews.com/news/housing-element-will-be-focus-of-city-council-planning-commission-study-session/article_b5d4672e-1378-11ee-ae05-f329ef20910a.html

A few offtakes from the article:

 1.  "Review of housing elements — a part of the general plan — is the mechanism the state uses to determine whether local governments provide an environment that doesn’t restrict housing development.

2.  "
For the city of Tehachapi, the RHNA in the 2015 plan — to cover through June 2023 — was 483 units. In the previous period (2006 to 2013), the RHNA was 454 housing units. And the new housing element must tackle a much larger allocation — planning for 902 residential units over the next seven or eight years." 

3.  "
Although a number of plans for new housing have been approved in the city of Tehachapi, relatively few residences have been built. In August,
when construction began on 55 homes approved on lots of the former Alta Estates subdivision, Schlosser said only about 50 new homes had been built within the previous 10 years."
That is a much lower number then I thought. Quite surprising actually.

4.  "
Although the city approved the 995-unit Sage Ranch development in August 2021, Schlosser said that construction of the proposed project over seven years will not address the city’s lower-income housing needs."
This may be an opportunity for Greenbriar to utilize their Landmark Builder buddies and place some USDA 502 based low income housing on the 28.75 acre property across the street from Sage Ranch. Just need to palce the land back in Greenbriar's name and use some of the water rights that came with it the land for development. Better keeping that type of housing closer to all needed amenities.

5.   
“Remember, the city’s not obligated to build these houses,” he said. “We’re obligated to prove that we are not producing barriers for this number of housing (units being built)."
 
 
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