$250K Per Year Salary Could Qualify For Subsidized Housing Under New Palo Alto Plan (xpost from LBN)
Source: CBS
Palo Alto is seeking housing solutions for residents who are not among the region’s super-rich, but who also earn more than the threshhold to qualify for affordable housing programs.
The city council has unanimously passed a housing plan that would essentially subsidize new housing for what qualifies as middle-class nowadays, families making from $150,000 to $250,000 a year.
The plan would focus on building smaller, downtown units for people who live near transit and don’t own cars, along with mixed-use retail and residential developments.
Sky-rocketing housing prices in Palo Alto have left some in limbo; with teachers, firefighters and other government workers not earning enough to afford cost of living.
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Read more: http://sanfrancisco.cbslocal.com/2016/03/22/250k-per-year-salary-could-qualify-for-subsidized-housing-under-new-palo-alto-plan/
h/t bananas 
= new reply since forum marked as read
Rent is absolutely ridiculous and it's becoming unaffordable in a lot of areas. Maybe if we put a cap on housing the way Jimmy Carter put a cap on gas back in the 80's it would send a giant fuck you to the real estate industry. The rent is too damn high and the pay is too damn low. 
