San Diego approved two much-anticipated pieces of housing legislation Tuesday: the city’s first incentive focused on housing for moderate-income residents, and new regulations that aim to boost construction of units for low-income residents. The City Council unanimously approved the new law focused on moderate-income residents, defined by the city as families making 80 percent to 120 percent of the region’s median income of $86,300 for a family of four. The measure would allow developers to build larger projects with more units if they agree to reserve some of the units for moderate-income workers like nurses, teachers and firefighters. Story: https://www.sandiegouniontribune.com/communities/san-diego/story/2019-07-30/new-san-diego-laws-aim-to-spur-housing-for-low-income-moderate-income-residents
San Diego approved two much-anticipated pieces of housing legislation Tuesday: the city’s first incentive focused on housing for moderate-income residents, and new regulations that aim to boost construction of units for low-income residents.
The City Council unanimously approved the new law focused on moderate-income residents, defined by the city as families making 80 percent to 120 percent of the region’s median income of $86,300 for a family of four.
The measure would allow developers to build larger projects with more units if they agree to reserve some of the units for moderate-income workers like nurses, teachers and firefighters.
Story: https://www.sandiegouniontribune.com/communities/san-diego/story/2019-07-30/new-san-diego-laws-aim-to-spur-housing-for-low-income-moderate-income-residents