February 22, 2014

Low Income Housing… Marin Style

Thanks very much to Burbed reader Barbara for a look at what’s below median income in Mill Valley.

140221-tamalpais-redfin14 Tamalpais Commons Ln
Mill Valley, CA 94941

HOA Dues: $308/mo.
0 Beds
1 Baths
400 Sq. Ft.
$821 / Sq. Ft.
Built: 2010
Lot Size: 401 Sq. Ft.
On Redfin: 5 days
Status: Active
HOA Dues: $308/month
Style: Contemporary
Community: Mill Valley
MLS#: 21403124
Property Type: Residential, Attached, Condominium/Coop/Other
Stories: 1
County: Marin

Welcome to Tamalpais Commons, a mixed-use ‘Build It Green’ luxury home development in central Mill Valley. This affordable studio unit is available to low-income buyers who earn $64,890 or less in gross income. The studio features southeast facing windows, maple floors, a full bath, a small balcony, a stacked washer/dryer, a range, dishwasher, and oven. This is an accessible unit and all appliances meet ADA guidelines.

Here’s Barbara on this Econobox:

Thought this might be worthy of burbed – $821/sq foot affordable housing

Yes, but it’s $821 a square foot affordable housing with really shiny floors.  And don’t forget the three hundred bucks for HOA fees on top of your $1317 a month mortgage!

Comments (3) -- Posted by: madhaus @ 7:01 am

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