Add as a preferred source on GoogleCalifornia Housing Programs Classify Some $100,000 Earners as Low Income
The state agency sets the program thresholds; discussion around the classification has also touched on economic pressure, taxation and welfare policy.
A $100,000 annual income can qualify as low income under some California affordable-housing programs, reflecting how cost pressures in parts of the state shape program eligibility.
The California Department of Housing and Community Development sets income thresholds for the programs. The classification has prompted discussion of economic pressures in relation to taxation and welfare policies.
California voters are scheduled to decide Nov. 3 on a proposed billionaire wealth tax.
Riza Dagoc
Riza Dagoc reports on regulation, investing and the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.