In a demonstration of its commitment in advocating for affordable workforce housing in California, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) today announced it is exploring the redevelopment of the site of its Los Angeles headquarters to build affordable workforce rental and for sale housing. C.A.R. is proposing the development of up to 181 residential units, which would include rental and for sale units at affordable workforce housing rates. Affordable units would be available to individuals and families earning 60 percent to 150 percent of the area’s median income. Additionally, 20 percent of the units would be allocated to veterans earning 50 percent or less of the area’s median income. “California’s housing affordability is at crisis levels, and C.A.R. wants to actively create new affordable rental and ownership housing opportunities for those who need it the most, such as our veterans, nurses, firefighters, teachers, police, and other public servants,” said C.A.R. President Steve White. “We’ve decided to take this bold step by serving as a model for other similar projects throughout the state and providing a pathway to the American dream.”
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