Wednesday, February 13, 2008

Low Income?

Since my readership is pretty national, I was just curious...

In a meeting this evening about my building, I learned the current definition of "low income" for a certain homeowner program. I thought in SF that was defined as $80,000 a year and below. Apparently its now at $98,000-$100,000. I'm just curious what it's defined as being in other places.

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At 6:43 AM, Blogger Two Write Hands said...

In Indy $100,000 isn't anywhere near the poverty line--unless you have like 20 kids to feed and clothe.

At 7:38 AM, Anonymous The Angry Young Man said...

What's the name of this homeowner program? I thought they all cut off at the City's median income - $62k.

At 2:56 PM, Blogger joe said...

Are you sure about your figures for SF?

Santa Barbara County's guidelines as follows:
Affordability categories are based on percentages of Area Median Income (AMI) of the County of Santa Barbara. The AMI is determined by Housing and Urban Development and is updated annually in March. The following categories are defined in the 2003-2008 Santa Barbara County Housing Element:
Very Low = 0 to 50% of median family income
Low = 50% to 80% of median family income

Maximum Household Income (gross income) in LOW category:
1 person $37,600
2 people $42,950
3 people $48,300
4 people $53,700
5 people $57,950

To me, the idea that a family of four could even LIVE on $54K is sick, sick, sick!

At 3:27 PM, Blogger jason said...

I think the poverty line here is about 5000 dollars more than I make
...from what I once heard by way of an ad on the radio

At 3:40 PM, Blogger Ladron de Basura (a.k.a. Junk Thief) said...

Emily - No offense, but having 20 kids an living in Indy would be my definition of hell.

Angry - It's a program for getting assistance to put in solar. Sorry if I opened up a can of worms.

Joe - Well, okay, now I feel like a reporter who didn't do five fact checks. This is Junk Thief not The Atlantic. I always thought housing in Santa Barbara, at least rentals, was 15-20% above SF. I remember visiting a friend who literally lived in a one car garage and payed something like $2000 a month back in the 1990s.

Jason - Poverty is relative. For me it's not being able to buy all the Italian shoes that I want. Isn't that a basic human right?

At 5:14 PM, Anonymous The Angry Young Man said...

I overestimated the median income for the City. SF's BMR program uses these numbers -

At 5:19 PM, Blogger Ladron de Basura (a.k.a. Junk Thief) said...

Angry - Okay, so I'm poor but not officially poor in other words. Thanks for the fact checking.

At 9:37 PM, Blogger kimy said...

"City of Cleveland has the lowest median income in America ....Cleveland also boasts one of the highest foreclosure rates in the country... one in every fifty homes in Cleveland was foreclosed upon."

but even with all this said, I love living here in the rush belt on the north coast - there are worse places --we have lots of art about, seasons - summers not horrid and enough snow to satisfy but not so much as to bury and incredible spring and falls; lots of great venues for movies in a city that's not a megacity (with ticket prices below the norm) and folks are just plum nice and friendly!

At 9:40 PM, Blogger Ladron de Basura (a.k.a. Junk Thief) said...

Kim - Lower than Flint or Detroit? All I hear from my coworkers, it's a tottling town.


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