SPON believes all cities need renewal. However, development must be well-conceived and mindful of traffic, views, environmental impacts, and infrastructure. Adherence to the City’s General Plan is also important. SPON is actively engaged in understanding the many new laws and developing solutions to meet state requirements while maintaining the character of our city.
The Formation of the Newport Beach Housing Trust, a 501(c)(3) nonprofit organization, is the result of months of planning and collaboration among SPON, prominent local hospitality firm Eagle Four Partners, and Newport Beach-based Lyon Living, to address the lack of affordable housing in Newport Beach.
The goal of the Trust is to assemble capital from public, private, and philanthropic sources to finance the construction of affordable housing in Newport Beach. Affordable housing will include workforce housing, senior housing, and Accessory Dwelling Unit (ADU) updates and construction.