Buy a luxury building, then lower the rent: A housing fix for California's middle class?

A new program involving local subsidies aims to help middle-income Californians afford better housing. Critics say it's a bad use of public funds. 
Read more: https://www.latimes.com/business/story/2021-08-23/luxury-apartment-lower-rent-affordable-housing-california-middle-class?source=Snapzu