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Major investments have been made in the past few years in the Bakersfield, Davis and Lindsay area. The California Housing Finance Agency Residential Development Loan Program has invested $5.348 million dollars in this area. This program has influenced the building of Bakersfield condominium complexes. This program offers 4-year loans at an interest of 3% for owner-occupied housing developments.

Through the Residential Development Loan Program was created to address the problem of creating new condominiums in Bakersfield as in the rest of California. This program thus promotes housing and smarter urban growth at low prices.

One agency that profited from this program is the Davis Redevelopment Agency, who has received $658.000 worth of funds to help with the predevelopment of 30 Davis condominiums and town homes within Mace Ranch III. Although the estimated finish time for the project is March 2008, it will also include 10.000 square feet of commercial space.

Some may describe Bakersfield as a quiet town with a peaceful pace and they would be right. The city is far away enough from the hassle of San Francisco or Los Angeles. For those that want to avoid this big hassle, Bakersfield is a good place to relocate as housing is very affordable. According to the census in 2000, renters paid an average of $564 monthly. The average condominium residence price was also well under the country's average price, averaging at about $155.000. During the last decade, with the building of new Bakersfield condominium complexes and housing projects, the constructions of new structures for housing has quadrupled resulting in about 5000 new homes and condominium residences in Bakersfield.

In Bakersfield a condominium and housing project started by the Bakersfield Redevelopment Agency received $1 million in funds from the Residential Development Loan Program. These funds were used to build the new community in the downtown district of the town. This forward-looking Bakersfield condominium project located in the Mill Creek area in Bakersfield is oriented towards housing, retail, commerce and entertainment. The Bakersfield condominium complex consists of 35 condominiums. They are open for sale at affordable prices.

Situated at about 100 miles south of Los Angeles, Bakersfield has grown significantly over the past decade. Becoming attractive to industrial corporations because of the slow economy and affordable housing, Bakersfield has become the latest suburban outpost south of Los Angeles.

The new Bakersfield condominium complexes have given the town not only a new, modern look but also good places for starting small businesses. The low prices of the Bakersfield condominium have attracted a lot of workforce in the area and major companies have started investing in the area.

The affordable homes in Bakersfield and the Bakersfield condominium complex has influenced a lot of workers from other parts of California to relocate to the city and be able to buy homes here, despite the state's notorious reputation for expensive prices. According to the California Association of Realtors, during last August, the medium price for a Bakersfield condominium spot was around $95.000, compared to similar cities like Orange County where the price for medium sized homes or condos was about $240.000.

Another quality of Bakersfield is the railroad, which makes the difference between Los Angeles and Bakersfield almost insignificant. But efforts are made by the community to turn this town from a "bedroom community for someplace else" into a community with traditional independence and economy.