Housing crisis: California bill aims to help the `missing middle’

As the state’s costliest housing markets and high rents threaten to force all but the highest-paid workers into ever-longer commutes, California lawmakers have introduced a bill to help more teachers, firefighters and other middle-income workers live close to their jobs. The new legislation, Assembly Bill 3152, would give nonprofit housing developers property tax exemptions on homes in high-cost areas that are rented at a discount to those with moderate incomes. The tax breaks, currently available to developers of low-income housing, would make middle-income rental housing easier to build.

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Source: The Mercury News