According to IE Business Daily, “Nationwide, there is a shortage of approximately 7.5 million homes, with nearly half of that – an estimated 3.4 million – in California”. Hesperia is doing its part to help alleviate California’s housing crisis.
The High Desert city has given a great light to a new major housing development; the first part of which is expected to go on the market in 2020. “The project, known as Tapestry, is believed to be the largest housing development now being planned in California”, Councilman Paul Russ said. Terra Verde Group, a real estate developer in Arlington, Texas, will build 15,663 homes on 9.400 acres of open land over the course of the next 25 years.
Tapestry is designed to appeal to everyone: first-time buyers, move-up buyers, people 55 and older. It will have single-family homes, townhomes, condominiums, apartments and estate homes. The first phase of the project will have 2,100 units, with about 500 of those expected to be put up for sale in two years.
Learn more about Tapestry’s impact on Hesperia: HERE