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Affordable Housing Developer Launches Joint Venture, Plans $2 Billion in Development in California

Housing Remains a Concern in California’s Most Expensive Cities

A view of downtown Los Angeles, which is among a handful of California cities struggling with a lack of affordable and middle-income housing. (Getty Images)
A view of downtown Los Angeles, which is among a handful of California cities struggling with a lack of affordable and middle-income housing. (Getty Images)

Standard Communities, a frequent developer of affordable housing, entered a joint venture deal with plans to develop more than $2 billion of “missing middle” housing, mid-priced housing close to transit or in urban locations, in California as the state struggles with a lack of affordable and middle-income housing.

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