California Gov. Gavin Newsom has signed a bill that empowers school districts in the state to utilize low-income housing tax credits to develop affordable housing for teachers and other school employees on district-owned land.
The bill was introduced by Assembly member Jesse Gabriel of Woodland Hills, who notes that the state’s housing crisis is particularly acute for teachers and school employees. For example, in Los Angeles, an entry-level teacher would have to spend more than 85% of their income to afford an average median-level apartment.
AB 3308 “permits school districts and developers in receipt of local or state funds or tax credits designated for affordable rental housing to restrict occupancy to teachers and school district employees on land owned by school districts, including permitting school districts and developers in receipt of tax credits designated for affordable rental housing to retain the right to prioritize and restrict occupancy on land owned by school districts to teachers and school district employees of the school district that owns the land, so long as that housing does not violate any other applicable laws.”
Other members of the public may occupy the housing, but the act allows the district to prioritize employees to live in the homes.
