Laserfiche WebLink
What is "Affordable" Housing to Moderate Income Households Wantin~ <br />to Purchase a Home? <br /> <br />The introduction to this section suggested the magnitude of the <br />"affordability" problem for moderate income households. The <br />following tables provide additional information for the analysis <br />at hand. <br /> <br /> TABLE 16 <br /> <br />MODERATE INCOME GUIDELINES <br /> <br />No. of Persons <br />Per Household <br /> <br /> t <br /> 2 <br /> 3 <br /> 4 <br /> 5 <br /> 6 <br /> 7 <br /> <br /> 8+ <br />Source: <br /> <br /> 80%-120% Bay Area <br /> Median Income Household <br /> <br /> $17,000 - 25.500 <br /> 19,500 - 29~300 <br /> 21,950 - 32.950 <br /> 24,400 - 36.600 <br /> 25,950 - 38~950 <br /> 27,450 - 41.150 <br /> 29,000 - 43,500 <br /> 30,500 45,800 <br /> <br />Bay Area Section 8 Guidelines <br />December 1981 <br /> <br />As seen in the table above the range of incomes qualifying as <br />moderate can be gauged by family size. A single individual earning <br />between $17~000 %© $25~500 would so qualify as would a family of <br />eight or more with an income of between $30,500 and $45,800 This <br />table shows a remarkably broad range of incomes constituting a <br />$28,800 spread. <br /> <br /> <br />