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  2. New 113-unit affordable housing project planned for ... - AOL

    www.aol.com/113-unit-affordable-housing-project...

    A new 113-unit affordable housing option for low-wage families, the San Juan Apartments, will open in 2026. The $67 million development at 5700 Stockton Blvd. near Fruitridge Avenue is being built ...

  3. A new housing plan wants to give middle-class Americans the ...

    www.aol.com/news/housing-plan-wants-middle-class...

    While 40% of these homes would be reserved for extremely low-income residents and 30% for low-income households, about 30% would be available to middle-income households.

  4. Affordable housing in the United States - Wikipedia

    en.wikipedia.org/wiki/Affordable_housing_in_the...

    According to the Housing and Urban Development, total housing costs are affordable if they meet or are below 30% of annual income. [45] According to the American Community Survey of 2016, 54.8% of renters in San Diego pay 30% or over of their income toward rent and housing costs every month. [ 46 ]

  5. Low-Income Housing Tax Credit - Wikipedia

    en.wikipedia.org/wiki/Low-Income_Housing_Tax_Credit

    The LIHTC provides funding for the development costs of low-income housing by allowing an investor (usually the partners of a partnership that owns the housing) to take a federal tax credit equal to a percentage (either 4% or 9%, for 10 years, depending on the credit type) of the cost incurred for development of the low-income units in a rental housing project.

  6. In an effort to create more affordable homes, Gov. Newsom ...

    www.aol.com/news/effort-create-more-affordable...

    Another bill, AB 3093 from Assemblymember Chris Ward (D-San Diego), requires that local municipalities plan for housing that will be available to households making up to 15% and up to 30% of the ...

  7. Cabrini–Green Homes - Wikipedia

    en.wikipedia.org/wiki/Cabrini–Green_Homes

    New housing built on the 70-acre (280,000 m 2) Cabrini–Green site will include 30% public-housing replacement homes and 20% "workforce affordable" housing, while many adjacent developments (almost all targeted at luxury buyers) include 20% affordable housing, half targeted as public-housing replacement, with a goal of 505 replacement units ...

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