SoCal developer addressing housing supply shortage – releases floor plans priced in the mid $400Ks

Published on

Photo credit: Silverwood

HESPERIA – Silverwood developers released November 18, floor plans for their master planned community with homes starting in the mid $400,000s – an accessible option for middle-income buyers in one of the nation’s priciest markets.

The development near the San Bernardino Mountains in Hesperia addresses Southern California’s need for affordable housing.

According to the California Department of Housing and Community Development, during the last ten years, housing production averaged fewer than 80,000 new homes each year, and ongoing production continues to fall far below the projected need of 180,000 additional homes annually.

Silverwood developers says their ultimate plan for the 9,366-acre community is to build 15,663 single-family houses, townhouses and condominiums. 

“There is virtually no available new home product in this price range in Southern California,” said Silverwood general manager John Ohanian. 

Unique collection of home designs

Silverwood says it’s turning over home lots to five builders. Lennar, K. Hovnanian, Watt Capital Developers, Woodside Homes and Richmond American Homes plan to build the first 650 single-family houses in the development.

This collection offers a variety of home sizes with features tailored to a wide range of lifestyles, including RV and toy parking, backyard casitas, multi-generational floor plans, and bold exterior paint colors,” says a statement on the website.

Homes listed on the website range from 1,500 sq. ft. to 4,000 sq. ft., with two to three car garages and up to 6 bedrooms.

Silverwood says each builder designed the homes to take advantage of the mountain views in the area.

In addition to the homes, plans include schools, up to 1.5 million square feet of commercial uses and apartments.

Opening in mid 2025

Ohanian says first residents are expected to move in by the middle of 2025. There are 1,800 people on the interest list.

For more information about Silverwood visit https://silverwoodcalifornia.com/

RELATED: Silverwood announces builders for homes starting in the $400Ks

spot_img

Latest articles

Major logistics company laying off 346 SoCal workers

CALIFORNIA – DHL Supply Chain notified the California Employment Development Department (EDD) that it...

Californians can get ready for summer with up to $1,500 to repair car AC 

CALIFORNIA – The California Cool Air Rebate (CAR) Program is offering up to $1,500...

Bank offers $1,000 prizes to youth for art and essay contest

OneUnited Bank announced its 15th Annual "I Got Bank!" National Financial Literacy Contest, where...

CA-based blockchain platform donates $25 Million in stablecoins to teachers and classrooms

CALIFORNIA – Ripple, creator of the XRP cryptocurrency and Ripple USD (RLUSD) stablecoin, announced,...

More like this

CA lawmaker withdraws bill that would have capped rent hikes to 5%

CALIFORNIA – Assemblymember Ash Kalra and co-sponsors withdrew Assembly Bill (AB) 1157, April 29,...

Realtor.com offers solution for housing affordability after giving California an ‘F’ grade

CALIFORNIA – Realtor.com published a report, April 24, grading California an “F” on how...

California bank offering grant up to $32,099 in downpayment assistance for first time homebuyers

CALIFORNIA – FHLBank San Francisco announced, April 9, that it will provide $12 million...