Irvine Forgoes Property Tax

Описание: The city of Irvine Forgoes property taxes to convert 1,000 plus units to middle income housing. Those who make too much to qualify for typical affordable housing programs, but not enough to afford the average apartment under market rates right now. And now what happens when the deal is made, builders and property owners will now lower rent on all units in exchange to not have to pay property tax at the end of the year.