The article, “Private Developers Explore Affordable Housing Without Public Funds” by Christine Mai-Duc and Will Parker, published on March 16, 2024, by The Wall Street Journal, discusses a new approach to affordable housing in California. SDS Capital Group is financing a 49-unit apartment building in South Los Angeles for low-income residents without using government funds, aiming to reduce construction costs and regulatory delays associated with public financing. This method contrasts sharply with the higher costs and slower development times of government-funded projects. The initiative reflects a broader trend of exploring private funding for affordable housing, amidst concerns about sustainability and the ability of such projects to address the homelessness crisis effectively.

https://www.wsj.com/real-estate/private-developers-affordable-housing-public-funds-3b779780