Craig Martin Smith and Stephanie Smith are said to be the first developers with a housing project using the “Builder’s Remedy.”
The Los Angeles–based duo has plans to build a 30-unit apartment complex with six low-income affordable units in the Lower Riviera. Under the “Builder’s Remedy,” the developers are able to sidestep local review processes because the City of Santa Barbara failed to submit housing element drafts on time.
But, before the Smiths had footing in the housing development industry, they garnered public reputations for a liposuction practice and cannabis warehouse.