Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

How many housing units on Fort Ord will be “affordable” to the local “workforce”?

0
Posted

How many housing units on Fort Ord will be “affordable” to the local “workforce”?

0

A. There are many housing projects planned for the former Fort Ord. In most cases, California redevelopment law requires that 15% of the units built be affordable, and an overall total of 20% has been adopted by the land use jurisdictions that will receive land on the former Fort Ord. It is currently expected that over one-third(check this) of the units on Fort Ord will be below market priced. The federal Department of Housing and Urban Development (HUD) prepares a chart (each January) showing affordability standards for various regions in the U.S. This information is then used by the county and cities to adjust their criteria for pricing eligibility for rental and for-purchase housing. “Affordable” housing is defined as persons in an income range of 0-120% (very low, low and moderate) of the median income (in Monterey County). “Workforce” housing is defined as persons in an income category of 121-180% of the median income level (in Monterey County).

Related Questions

Thanksgiving questions

*Sadly, we had to bring back ads too. Hopefully more targeted.