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The housing lottery on SFGovTVWhen you apply for a below market rate home, you’ll be on a lottery list. The lottery gives current and former SF residents a better chance of living in the City. Watch video US Markets Loading... H M S To qualify for low-income housing in San Francisco County or the nearby San Mateo and Marin counties, a four-person household can make as much as
$117,400 a year. The same goes for a one-person household raking in $82,200 a year. That's the conclusion of a new report from the Department of Housing and Urban Development, which just released the 2018 thresholds for affordable housing across the US. As the East Bay Times
notes, the San Francisco metro area's threshold is just below the area's median family income of $118,400. HUD's brackets consider four-person households earning $73,300 annually in those three counties as "very low" income and those making $44,000 as "extremely low." For comparison, $83,450 is the
upper limit at which a four-person household in New York City can apply for low-income housing. In Baltimore and Phoenix, that figure is $71,900 and $55,300. San Francisco's thresholds come as no surprise. For the past several years, the Bay Area has been grappling with an affordable-housing crisis, which seems to be worsening. As
Business Insider's Melia Robinson has noted, Bay Area tech companies frequently place their headquarters in areas without much nearby housing, and the high salaries and stock options prevalent in the tech industry cause home prices to continue rising. Some Bay Area cities see higher taxes aimed at tech giants like Google and Apple as a possible solution. For example, Mountain View and Cupertino have recently proposed "head taxes," in which large companies would pay $150 an employee annually. The revenue would go toward projects designed to address rising housing prices, homelessness, and worsening traffic in the region. If the two city councils passes referendums for the taxes, residents will vote on them in November.  Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications Read next LoadingSomething is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. More... What is considered low income Bay Area?For instance, the federal poverty line considers a family of four making $26,200 or less as living in poverty anywhere in the continental United States. A family of four with an income of around $40,000 or less is considered to be living under the SPM in the Bay Area.
How much do you have to make to qualify for low income housing in California?Will I Qualify for Affordable Housing?. What is considered low income in California?Very-Low, Low and Moderate-Income Limits. Who qualifies for subsidized housing in California?To be eligible for the program, a family's gross annual income must be below 50% of the Area Median Income (AMI) in Los Angeles County. Seventy-five percent of new admissions must have gross annual incomes at or below 30% of the AMI. The U.S. Department of Housing and Urban Development (HUD) determines the AMI yearly.
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How do you qualify for low income housing in the bay area
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