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Oakland's affordable housing program failed to reach target buyers, prompting city officials to revise funding, zoning, and affordability rules.
A middle-income housing initiative in Oakland aimed at providing affordable homes for residents earning 80% to 120% of the area’s median income has fallen short, with many units priced beyond reach for intended buyers.
City officials are now revising the program, exploring new funding, zoning adjustments, and stricter affordability requirements to ensure future projects meet their goals.
The effort reflects broader challenges in balancing housing development with economic accessibility in high-cost regions.
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El programa de viviendas asequibles de Oakland no logró llegar a los compradores objetivo, lo que llevó a los funcionarios de la ciudad a revisar las reglas de financiamiento, zonificación y asequibilidad.