Affordable housing can have different requirements around income and rent, with various types like public housing and privately held developments utilizing subsidies.
California proposed creating a state Housing Authority for mixed-income housing, vetoed by the governor, aiming to blend market-rate units with low-income housing subsidies.
Most affordable housing in California is built by private developers, utilizing public subsidies like local bonds, state grants, and federal tax credits for financing.
The term affordable housing signifies housing where individuals pay no more than 30% of their gross income, but there are multiple variations within this definition.
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