Developers looking to build for-sale homes in Newport Beach near John Wayne Airport won’t need to build as many affordable units after officials decreased low-income housing requirements — despite pushback from regional and state transportation officials.
Previously, 15% of the units in for-sale residential developments near the airport needed to be affordable for low-income families. Now, only 6% of the project will need to be affordable for low-income households and 8% will need to be set aside for moderate-income families.
It’s only required for a specific residential area near the airport around Bristol Street, Birch Street, Macarthur Blvd and Jamboree Rd. Rental projects will still need to meet the 15% affordable housing requirement…