San Diego gave developers a new incentive Monday to build more accessory dwelling units for low-income people.
The incentive, which the City Council approved unanimously, shrinks the duration of rent restrictions from 15 years to 10 years for low-income residents, but maintains the 15-year requirement for moderate-income residents. Critics say incentivizing thousands of new ADUs across San Diego threatens to dramatically change the look and feel of many single-family neighborhoods.Tenants eligible to live in ADUs restricted for low-income people must earn less than $39,930 — 60 percent of the area’s median annual income of $66,550 for single-person households.
Council President Sean Elo-Rivera, who spearheaded efforts behind the new incentive, said he’s hopeful developers and homeowners will embrace the new 10-year option.
Is productive, free market activity incentivized by more government interference in the free market or less?
“…but city officials continue to tinker with them — sometimes in response to outcry from neighborhood leaders.” Top-down centralplanning.
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