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$250K Per Year: Subsidized Housing in Palo Alto
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2016 Mar 27, 7:53am 1,965 views 1 comment
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Strategist
2016 Mar 27, 9:25am
Strategist
2016 Mar 27, 9:25am
“We have people struggling to make it at a quarter-million dollars a year,†Bean said. “That’s a terrible thing.â€
Give them a living wage, you greedy capitalists.
http://sanfrancisco.cbslocal.com/2016/03/22/250k-per-year-salary-could-qualify-for-subsidized-housing-under-new-palo-alto-plan/
PALO ALTO (CBS SF) — Palo Alto is seeking housing solutions for residents who are not among the Silicon Valley region’s super-rich, but who also earn more than the threshhold to qualify for affordable housing programs.
The city council has voted to study a housing proposal that would essentially subsidize new housing for what qualifies as middle-class nowadays, families making from $150,000 to $250,000 a year.
The plan would focus on building smaller, downtown units for people who live near transit and don’t own cars, along with mixed-use retail and residential developments.
.....
“We have people struggling to make it at a quarter-million dollars a year,†Bean said. “That’s a terrible thing.â€
#housing #economics #investing