Irvine forgoes property taxes to convert 1,000-plus units to middle-income housing
Rents at more than 1,000 units at two apartment buildings in Irvine are expected to be marked down and turned into the city’s first housing priced for people making middle-of-the-road incomes. Sometimes called “workforce housing,” the lower-rate units are meant to target renters who fall into a void within the housing market — what’s been…
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