Building more affordable housing difficult for tri-county developers
Building affordable housing can be anything but affordable for developers. Developers often need some sort of subsidy for affordable projects to pencil out, given the fact that they will receive below-market rents. Yet, the arena for federal income tax credits is becoming increasingly competitive. Projects are rated on a point system for the Low-Income Housing Read More →
Tri-county voters nix transportation tax measures
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Dubroff: Status quo carries the day in Tri-Counties
The political earthquake that upended national politics triggered few aftershocks on the Central Coast. That’s the easiest way to summarize the results of races up and down the ballot in the tri-county region, where outsiders dreaming of an upset funneled millions of Democratic and Republican dollars into races for Congress and the Assembly. A number Read More →
Medical marijuana collective raided, CEO arrested
Sespe Creek Collective, one of the tri-county region’s biggest and most visible medical marijuana providers, was raided by Ventura County law enforcement agencies on Nov. 3 and its CEO was arrested on suspicion of multiple felonies. Chelsea Sutula of Ventura, who runs Sespe Creek, spent the night in jail and is now free on bail. Read More →
Fess Parker DoubleTree has new general manager
Michael Dunne, area vice president for California at Hilton Hotels Worldwide, announced the appointment of Neil Poisson as general manager of Santa Barbara’s Fess Parker DoubleTree Resort. In his new role, Poisson will oversee 300 employees in day-to-day operations at the hotel, including guest services, food and beverage, sales and marketing, revenue management, operations and Read More →
AppFolio revenue up as company gets closer to profitability
Santa Barbara cloud software firm AppFolio is edging closer to profitability. Third quarter results from the business-to-business software firm released Nov. 7 show an increase in revenue to $28.2 million or 39 percent above the previous year’s quarter. The company lost $1.1 million on GAAP-based accounting but AppFolio’s non-GAAP numbers showed a $200,000 profit and Read More →
Proposition 64 makes investing in marijuana tricky business
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