Wow, a developer in Cupertino — home of Apple — is pitching 2,402 new homes, with half reserved for low-income residents, and says the city has to approve the project because of last year’s big housing bill, SB 35.https://www.mercurynews.com/2018/03/27/developer-unveils-new-long-awaited-plans-dead-vallco-mall/ …
$1.something million dollar condos are way more affordable than $2.3M single family homes. Plus half are deed restricted to 80% AMI which is like $100K-ish overall per household. That could be like two parents making $50K. Or one parent at $100K and one stay at home....