Category: workforce housing

Critics: Irvine’s Workforce Housing Could Spell Financial Trouble for City

March 2, 2022
City of IrvineLocal Newsmiddle income housingOrange CountyRegional NewsRegional-Local NewsSouthern CaliforniaUncategorizedUSworkforce housing
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IRVINE, Calif.—As Irvine looks to make more than 1,000 apartment units more affordable for middle-income people through a new housing proposal, critics say it could have detrimental financial impacts on the city. “Middle-income housing,” also known as “workforce housing,” are residential units rented out at below-market rates to the “missing middle”—renters who are earning too…

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California’s Workforce Housing Program Explained | Casey McKeon

November 28, 2021
california insiderEpochTVGovernment Owned Propertyproperty taxworkforce housing
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Cities across California are considering offering workforce housing. Workforce housing projects will require cities to borrow money, purchase apartment buildings, and rent them to middle-class tenants at a discounted rate. My guest is Casey McKeon, real estate developer and vice president of acquisitions at Heslin Holdings. He discusses how the workforce housing program works and…

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Costa Mesa Decides to Not Pursue Workforce Housing

October 27, 2021
City CouncilCosta MesaLocal NewsRegional NewsRegional-Local NewsSouthern CaliforniaUSworkforce housing
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The City of Costa Mesa decided to not pursue a request to create workforce housing for low and middle-income residents at their Oct. 19 council meeting. The request would have enabled the city to purchase 580 Anton Boulevard, a 250 unit complex, near South Coast Plaza for $171 million through government-affiliated bonds with a 35-year…

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