LOS ANGELES—According to the U.S. Department of Housing and Urban Development’s (HUD) new estimates released last month indicated that the median income for Los Angeles County is now at $64,300.
The new numbers impact the agency’s income limits for affordable housing eligibility and rental assistance, as they are based on the areas’ median income. A person making 80 percent of $64,300 ($50,500) can now qualify for low-income housing.
This also affects HUD’s definitions of very-low income, those who make less than 50 percent of the median income; and extremely low-income residents, those making less than 30 percent.
Since these limits fluctuate, depending on the number of family members involved. LA Curbed reported that “a single person making less than $31,550 would be considered very-low income, whereas a family of six making $32,960 would be classified as extremely low-income.”
Los Angeles voters approved Measure JJJ in November 2016, which requires developers of housing projects to set a percentage of the units only for low-income tenants. City officials are considering fees for developers to fund construction of new and affordable housing units. At present, there are 40,000 people on the waitlist for section 8 vouchers.