Carlsbad Apartment Builders Struggle for Financing

1 Sep 2015

Carlsbad has at least three major industries that are creating hundreds of jobs in the southeastern part of the state—the potash, oil and nuclear industries. And as more people move to the city for work, local officials say the city and surrounding area is suffering from a housing crisis. Local officials in Carlsbad report all of the city's apartments have waiting lists and hotels are being used as living quarters. Despite the demand for more multifamily housing, few developers have moved into the market to build new complexes. Click here for more information.