At a recent workshop, the San Diego Union School District Board reviewed recommendations to build 1000 income-restricted apartments to house its employees with the goal of housing 10 percent of its employees over the next decade according to several news articles including one by the San Diego Union Tribune. The school district currently has some income-restricted housing options available to families of its employees, with 53 living in a development roughly 16 miles from the district’s headquarters in Scripps Ranch.
This is an interesting approach to finding and retaining good employees in this expensive real estate market.
According to the Union Tribune article, "The moderate-income units would be for district employees whose families have household incomes between 80% and 120% of San Diego County’s area median income, which is $100,400 for an individual and $143,400 for a family of four, according to Craig Adelman, senior principal at LeSar Development Consultants.
The low-income units would be for employees with household incomes of up to 80% of the area median income, or up to $84,900 for an individual or $121,250 for a family of four."
Not sure how this plays out over time but it is a creative solution to a tough housing market.