California's Department of Education (DOE) is launching a statewide plan to develop millions of new housing units on land owned by the state's school districts.
Tony Thurmond, the state's superintendent of public education, announced the new plan this week at the department's headquarters in Sacramento, SiliconValley.com reported.
According to the state DOE, California School districts own 75,000 acres of developable land, which is enough to create an estimated 2.3M new housing units.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
