Business

A partnership between UPholdings and nonprofit Self-Help Enterprises has secured a financing package totaling $40.6 million for Finca Serena, an 80-unit affordable and supportive housing project in Porterville, Calif. The property will serve formerly unhoused as well as low-income residents.

The global supply chain crisis is daunting. Congestion and bottlenecks across the West Coast have left large cargo vessels stranded at anchor for weeks on end. Across the country, our supply chain has faced major disruptions, driving up costs for consumers and inevitably causing major delays on delivery of essential goods.

What is California doing about its sky-high housing prices? Just ask the state’s housing chiefs. In this special edition of the California Housing Crisis Podcast, The Los Angeles Times’ Liam Dillon and CalMatters’ Manuela Tobias interview Lourdes Castro Ramírez, secretary of the Business, Consumer Services and Housing Agency; Gustavo Velasquez, director of the California Department of Housing & Community Development; and Tiena Johnson Hall, executive director of California’s Housing Finance Agency.

Facebook said it will shut down its face-recognition system and delete the faceprints of more than 1 billion people amid growing concerns about the technology and its misuse by governments, police and others.

Citron Apartment Homes, the newest multi-family community in Riverside, is now pre-leasing. It is designed for the lifestyle residents want now with space to work, recreate, and gather. The apartment community offers modern living with sophisticated style to the Inland Empire, one of the fastest growing communities in the nation.