The 2019-20 Budget: Considerations for the Governor's Housing Plan

Feb 20, 2019 - In exchange, developers reserve these units for low ‑income households. The household income of residents must be below 60  p ercent of area median income —$71, 000 i n San Francisco and $35, 000 i n Bakersfield.
https://lao.ca.gov/Publications/Report/3941

Perspectives on Helping Low-Income Californians Afford Housing

Feb 9, 2016 - In exchange, developers reserve these units for lower –income households. (Until recently, local redevelopment agencies also provided this type of financial assistance.) By far the largest of these programs is the federal and state Low Income Housing Tax Credit (LIHTC), which provides tax credits to affordable housing developers to cover a portion of their building costs.
https://lao.ca.gov/Publications/Report/3345