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Pomona Approves ‘Inclusionary Housing’ Ordinance

January 25, 2021

New rules meant to address a shortage of affordable housing in Pomona are set to take effect in May following the City Council’s near-unanimous approval of an “inclusionary housing” ordinance. After months of discussion, the council on Jan. 4 voted 6-1 to approve the ordinance, which requires future residential developments to include a certain percentage […]

Filed Under: California News, CVAR Connect, Government Affairs Tagged With: #affordablehousing, #CVARmembers, affordable housing, city council, cvarconnect, developer, incentive, Pomona

Tech Companies Pledge Funds for Housing

October 28, 2019

A tech company paying six figures to a college grad–or someone right out of high school–might seem like a dream, if finding housing they could afford wasn’t such a nightmare. Average rent for a one-bedroom apartment in San Francisco is about $3,700, in Los Angeles it’s about $2,500. The median family income for the United […]

Filed Under: At A Glance, Industry News Tagged With: #affordablehousing, affordable housing, Facebook, Google, Microsoft, New York Times, Newsom, Realtor Magazine, REALTOR® Mag, tech companies

What ‘Affordable’ Looks Like

October 14, 2019

Communities often oppose “affordable housing” because they think it’s for the destitute. But these days, middle-income earners usually qualify for “affordable housing.” Affordable housing could be more accurately termed “workforce housing.” One REALTOR® describes a difficult transaction that not only involved an individual buyer, but also the local community, which at first opposed her development […]

Filed Under: At A Glance, Government Affairs, Industry News Tagged With: #affordablehousing, affordability, affordable housing, community objections, cvarconnect, HUD, Inman News, middle-class earner, Nashville, workforce housing

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