One of the most expensive housing markets in the nation has an innovative new plan to help teachers and other public workers afford to live in the community that they serve.
San Jose, CA, has the highest rental costs among the nation’s 50 largest metro areas, with a median asking rent of $3,306 in April—almost twice the national median of $1,673.
Now, some public employees there will finally get some long-awaited rental relief through the city’s Lower Income Voucher and Equity (LIVE) pilot program, which will reduce their rent without costing taxpayer money in the long term, if all goes according to plan…