This is a California news story, published by MSN, that relates primarily to Waterford news.
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more affordable housingthemercurynews
•Business
Business & Economics
84% Informative
California 's affordable housing program for middle-income renters gets little-to-no discounts from market rents.
Developers, including Waterford and Catalyst Housing , have brokered $8 billion in essential housing deals since 2019 .
California has struggled to develop more affordable housing, with officials setting a target of 2.5 million new units before 2032 .
Some critics say the industry has used donations to curry favor with key legislators.
But there are limits to that influence.
Waterford has been the most prolific donor, giving $ 152,863 in donations over the last three years to legislators in key positions.
In 2023 , a county tax assessor in Southern California argued that moderate-income housing didn’t qualify for a property tax exemption and started billing Waterford , as well as some tenants, for taxes.
VR Score
86
Informative language
86
Neutral language
52
Article tone
semi-formal
Language
English
Language complexity
63
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
9
Source diversity
5
Affiliate links
no affiliate links
