June 16, 2008

What is low income, moderate income in Silicon Valley (aka the Real Bay Area)

Palo Alto Online Palo Alto Weekly: Who Palo Alto’s 2,860 homes are planned for (June 11, 2008)
Who Palo Alto’s 2,860 homes are planned for

690 homes: very low income (less than $53,050)

543 homes: low income ($53,050 and $84,900)

641 homes: moderate income ($84,900 and $126,600)

986 homes: above moderate income (more than $126,600)

* Income for a family of four

Honestly, if you don’t make at least $84,900 for a family of four, you really shouldn’t be allowed to live here. There should be some sort of income police that checks your W2′s and 1099′s, and has the power to forcibly relocate you to Vallejo or Gilroy if you don’t meet that criteria.

Don’t take it personally. It’s all about protecting community.

Comments (20) -- Posted by: burbed @ 4:44 am






April 28, 2006

What is low income in San Francisco?

SFHomeBlog.com – A San Francisco Real Estate Blog: CalHFA updates income limits on affordable housing
In San Francisco, the income limits for resale homes (for one or two people) is $135,720 for moderate units, and $81,432 for low income units, and for new construction (read: South Beach High Rises) $135,720 is the moderate limit and $95,004 is the low income limit.

How crazy is that? You’re low income in San Francisco if you make less than $95,000 per year. Looks like the lines for affordable unit lotteries are going to grow exponentially now…

Holy cow…

Click here to post a comment -- Posted by: burbed @ 5:00 am