In Capitola Road’s future three-story apartment complex, 26 units will be one bedroom, 15 will be two bedrooms and 16 will be three bedrooms. ![]() The Los Altos-based company, which relies on landlord listings to compile its data, put Santa Cruz’s median rent price in April at $3,200. Online residential rental listing marketplace site Dwellsy went one step further, calculating that Santa Cruz’s one-month median rent increase by $200 from March to April of this year caused the city to become the most expensive rental market in the country. Meanwhile, nationwide, rents increased 12.5% or about $161 from 2019 to 2022, according to Stessa’s research. ![]() Stessa calculated that the greater Santa Cruz metro had experienced the 15th largest rent increase out of all small U.S. Department of Housing and Urban Development and the U.S. That information is according to the company’s recently released report, drawing from the real estate search engine Zillow, U.S. The median rent is the midpoint of rents. Real estate investment analyst Stessa calculated Santa Cruz County’s median rent at $3,212, compared to $2,628 in 2019 - a 22% increase in three years. The housing project’s groundbreaking comes in a month when affordable housing is taking center stage, both in a practical sense and because housing advocates have dubbed May as Affordable Housing Month. “That both are absolutely necessary for any individual, for any community to prosper.” “If we have learned anything at all from the pandemic, I think that we’ve learned that the link between housing and health care is indisputable,” said Jenny Panetta, executive director of Housing Authority of the County of Santa Cruz. That’s why it’s so fantastic to be breaking ground on this project today.” “And you can’t have a community without housing. “During the community outreach meetings that we did for this property, it’s a redevelopment property, we heard over and over again from the community that they really wanted this to be a center, a town center, a community center,” Santa Cruz County 1st District Supervisor Manu Koenig said. The overall project has been in the works since 2017. ![]() On the same property, the project’s “phase one” construction for both a Dientes Community Dental clinic and Santa Cruz Community Health center is well underway, with a goal of an October ribbon cutting for the health center. The Capitola Road site was a former Santa Cruz County Redevelopment Agency property that was sold by Santa Cruz County to MidPen, a nonprofit developer which specializes in building affordable housing. She both overcame great fear and instilled it in her enemies, earning herself a Yellow Lantern Ring.Franklin told his audience Wednesday it was seated on what will become the future parking area for the 57-unit 1500 Capitola Road family housing project within the coming two years. When members of the Sinestro Corps sought to steal the station's supplies and convert it into their base, Cruz fought them without a Ring. Cruz lived on the station alone and powerless for over a year, as she learned to use the station's communications systems, allowing her to guard the Sector as a watcher and advisor. When the Green Lantern Corps fell, Jessica Cruz found herself stranded on a Lantern station in Sector 123.
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