The City of Irvine and Irvine Company have partnered on a master plan to create new communities just steps from job centers and world-class hospitals. Each community is designed to be affordable for the local workforce, including Irvine’s young professionals, nurses, teachers and first responders, and all are about a 5-minute walk from major employment hubs.
The Plan
On March 14, the City of Irvine unanimously approved a master plan with Irvine Company to locate future homes in job centers affordable to Irvine’s workforce. Here are the key elements of the plan:
Locate homes near Irvine’s thriving job and economic centers
- Communities are planned to meet the needs of employees and local businesses.
- Sites include vacant areas in the Irvine Spectrum District and one building at The Market Place.
- On average, each community will be about a 5-minute walk to job centers.
- The plan preserves established village character and avoids open spaces.
Keep Irvine’s workforce local
- At least 20% of new communities will be reserved for young professionals, nurses, teachers and first responders and those with similar income levels, exceeding current city requirements.
- The plan also includes the dedication of a 4.6-acre site for additional affordable opportunities, specifically for households earning between $40,000 and $80,000 annually.
Fund community priorities
- The plan includes approximately $60 million in funding for local priorities, like mobility improvements and public safety.
Locations
Irvine Spectrum District
The plan includes new housing opportunities on vacant sites within the Irvine Spectrum District. Please view the below project icons to learn more.
The Market Place Mixed-Use District
The plan includes a new housing community at a previously underutilized site within The Market Place Mixed-Use District.