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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

Comment by SvenVandeBroekon Dec 05, 2022 11:43am
149 Views
Post# 35151118

RE:RE:Southern California is an epicenter in the housing crisis

RE:RE:Southern California is an epicenter in the housing crisis
shneps wrote: The statistics utilized in that article are over three years old.


What is the current state of California's housing crisis?
 
California's housing crisis is still ongoing. The state is facing a severe shortage of affordable housing, with the average rent for a one-bedroom apartment in California now at $2,500 per month.

The state also has the highest rate of homelessness in the nation, with over 150,000 people living on the streets or in shelters. The lack of affordable housing has been exacerbated by the COVID-19 pandemic, as many people have lost their jobs and are unable to pay their rent.

The state has taken steps to address the crisis, including passing legislation to provide more funding for affordable housing and rental assistance, but the crisis is far from over.
 
What legislation has been passed to provide more funding for affordable housing and rental assistance in California?
 
In 2019, California passed the More HOMES Act (Housing, Opportunity, Mobility, Equity, and Stability) to create more affordable housing and rental assistance.

The act provides $1.75 billion in funding for affordable housing, rental assistance, and homeless services. It also includes provisions to streamline the approval process for housing projects, reduce fees for developers, and provide incentives for cities to build more affordable housing.

Additionally, the state has passed legislation to provide $500 million in emergency rental assistance to help people who have been affected by the pandemic.
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