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The plan is a
among a series of proposals being mulled by the Palo Alto City
Council to provide affordable housing to those considered middle
class in the area - families making between $150,000 to $250,000
annually.
The median household income in the U.S. in 2014 was about
$52,000, according to U.S. Census Bureau statistics.
The proposals include building about 2,000 new units that would
be made available for those earning less than $250,000, as well
as the construction of tiny apartments known as micro units in
the San Francisco Bay area city.
Palo Alto Vice Mayor Greg Scharff, who proposed the plan, told
local broadcasters KPIX that housing prices are pushing out
longtime residents as well as teachers, doctors, firefighters
and government employees.
"What the council is proposing is that we work together to fund
and subsidize, what is basically middle-class housing; which,
traditionally, has not been subsidized,” Scharff said.
(Reporting by Victoria Cavaliere; Editing by Simon
Cameron-Moore)
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