The city’s decision allows the developer to later this year seek $87.8 million in low-income housing tax credits, which are doled out on a rolling basis by the CaliforniaTax Credit Allocation Committee.
SenatorTim Scott (R-S.C.) is leading an effort to increase private investment in affordable housing and other community development projects across the country.
Instead of inclusionary zoning, Culley said he would like to see the city promote new affordable housing by offering more tax credits for low income units and investing in social housing, which would be government-owned.
"It will take a wholistic effort, in both the private and public sectors, to address America's housing crisis," said Senator Blunt Rochester... "I'm proud to support this effort to expand housing availability and affordability.
) July 24, 2025 Scott, Blunt Rochester, Moreno, Kim Lead Effort to Increase Private Investment in Low-Income Housing Projects... "It will take a wholistic effort, in both the private and public sectors, to address America's housing crisis.