Greater LA
The effort to create ‘moderate-income’ housing in California’s priciest areas
A new government effort aims to bolster what’s sometimes called the “missing middle” in California’s most expensive housing markets.
By Steve Chiotakis • • 25m ListenA new government effort aims to bolster what’s sometimes called the “missing middle” in California’s most expensive housing markets. Meaning: homes priced for households earning too much to qualify for subsidized housing but not enough to comfortably pay market-rate rent. In LA County, moderate-income ranges from an individual earning about $67,000 a year to a household of four earning nearly $127,000 a year.
It’s currently unclear whether the benefits of this program will outweigh the costs in the long run.
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3 storiesFilling the ‘missing middle’ in LA’s housing market is focus of new government program. Will it pay off?
A new government effort aims to bolster what’s sometimes called the “missing middle” in California’s most expensive housing markets. Meaning: homes priced for households earning too much to qualify for subsidized housing but not enough to comfortably pay market-rate rent.
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