Affordable housing developers are increasingly asked to build middle-income units, but can't afford to do so.
California lawmakers have introduced a bill aimed at creating more workforce housing near jobs. "Assembly Bill 3152 would give non-profit housing developers property tax exemptions on homes in high-cost areas that are rented at a discount to those with moderate incomes," Katy Murphy reports for Mercury News.
The bill represents growing interest in housing the missing middle, according to the Non-Profit Housing Association of Northern California, which co-sponsored the bill.
Subsidies and tax credits do not currently exist in California for private developers to build middle-income housing. There are tax breaks available for low-income housing developments, and for public agencies building workforce housing on public land.
Read the full story: Housing crisis: California bill aims to help the 'missing middle’
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