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At least seven low-income housing developments funded by the state have eclipsed more than $1 million per apartment to build in the last two years. Affordable housing in California now routinely ...
Even so, the governor’s budget would allocate $500,000 for low income housing tax credits that provide important incentives for developers to build affordable housing. Schur still thinks the ...
The housing is owned by California Department of Housing and Community Development, which uses state dollars to subsidize rents.Most farmworker families pay less than $400 per month to live in the ...
SB 290 expands California's density bonus law to include affordable housing for low income college students. Density bonuses allow developers to build denser housing, so long as a portion is set aside for affordable housing. AB 1584 makes void any housing covenants that would prohibit the construction of an ADU in certain circumstances.
The 2018 median home price in Silicon Valley was $1.18 million, a 21% increase from 2017. [3] Almost 90% of low income renters in the San Jose-Sunnyvale-Santa Clara metro area were cost burdened in 2017, meaning they spent more than 30% of their income on housing. [4] Over a third of mid-income renters were cost burdened as well.
Workforce housing is a term that is increasingly used by planners, government, and organizations concerned with housing policy or advocacy. It is gaining cachet with realtors, developers and lenders. Workforce housing can refer to any form of housing, including ownership of single or multi-family homes, as well as occupation of rental units.
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