Officials in Santa Barbara, California, shed a tear for the worthy poor, and reach out to help the second-tier country club set scrape by:
The City Council here had already created a class of affordable housing several years ago for people making up to 200 percent of the median income. Last week, they agreed to tailor the Los Portales [affordable housing] project for people making up to 240 percent, or nearly $160,000. (To keep these affordable condos affordable, buyers would be subject to price controls on resale that would restrict any price increase to about 2 percent a year.)
"We're creating a new class of affordable housing, affordable housing accessible for truly middle-class individuals," Councilman Das Williams said last week. "That's something that's good."
Arguably related classic Onion piece here.