Middle-Income Homes Bonus Law by Assemblymember Alvarez Will Boost Affordable Housing ...Middle East

News by : (Times of San Diego) -
The Helm affordable housing project between Little Italy and Cortez Hill. Photo courtesy, San Diego Housing Commission Gov. Gavin Newsom has signed another piece of legislation to promote affordable housing in California, adding Assemblymember David Alvarez‘ Middle-Income Homes Bonus Law to the tools to encourage new construction. Assembly Bill 1287 creates a new incentive for multi-family developments to include deed-restricted units that are affordable to different income levels, particularly middle-income families, which are frequently left out of affordable housing rules. Under the new law, a developer who dedicates 15% of units for very-low income families would receive a 50%

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