Newport Beach Lowers Affordable Housing Requirement | Irvine News

Newport Beach City Council just slashed affordable housing requirements for a luxury condo development near the airport, dropping from 15% to 6% for low-income units and 8% for moderate-income units — but only for for-sale homes. The move follows developer claims that meeting the old standard was financially impossible, while the city pushes to meet state housing mandates by 2029. Critics argue it favors developers over residents, though the council stayed silent during the vote. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/405fd1d5dd10edcc Presented by The Plant Daddies — rare specimen trees, living art, and hand-carved limestone vessels and fountains for extraordinary spaces. Showrooms in Los Angeles and Irvine. Listeners of Irvine News Today receive 10% off with code LANEWS10. theplantdaddies.com/lanews