In Orange County, California, where the typical house sells for $1 million, Rep. Katie Porter’s four-bedroom, three-bath residence in a leafy subdivision on the University of California Irvine campus is a bargain.
The progressive Democrat and law professor, who has lamented the cost of housing in her district, purchased it in 2011 for $523,000, a below-market price secured through a program the university uses to lure academics who couldn’t otherwise afford to live in the affluent area. The only eligibility requirement was that she continue working for the school.
