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Low Income

2 points by tapatio ↗ HN
If you are living the dream in SF working for a startup and making less than $60K annual salary you are in luck! You are considered low income. You should apply for assisted living (subsidized housing) through the department of Housing and Urban Development.

Reference: http://homeguides.sfgate.com/hud-guidelines-low-income-1911.html

3 comments

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suyash
And thru that program you can also purchase home in SF that are way below market rate.
tapatio
Cool. I didn't know that.
mjn
I wouldn't count on it in the near future: the waitlists for SF are currently full and not accepting new entries. See the bottom of: 1) http://sfha.org/Public-Housing-Information.html; and 2) http://sfha.org/Information--Section-8.html

In addition, Section 8 housing, which has a movable housing voucher and the most options, uses the lower 50%-of-median threshold ("very low income"). The housing that has the higher 80%-of-median limit is in public housing, which has fairly recently gone to that higher limit partly to improve finances (if you have higher income, you pay more rent, though it's still subsidized), and partly to encourage mixed-income communities rather than filling "the projects" with 100% extremely poor people, which has in the past been blamed for turning them into high-crime ghettoes. Nonetheless they still have a poor reputation as places to live, and tend not to be very successful attracting middle-class residents, even with the subsidy.