In SFBA spots low income is $104k to qualify for the reduced purchase price on new houses of fair size on small to ok lots.
Needless to say still barely affordable abd absurdly bogged dowh in CA counter useful regs: you have to have sequestered a hefty down for 6 months or longer you can prove origins. On top of that and applying for a pool, even before getting approved and onto a shortlist means you canNOT apply anywhere else for a year- even if you never ever get to the actually offered a unit to buy status.
So many of the low income people don't pay full price. If you make less than like 40k a year you pay like 66% of what a regular house would.
In SFBA spots low income is $104k to qualify for the reduced purchase price on new houses of fair size on small to ok lots.
Needless to say still barely affordable abd absurdly bogged dowh in CA counter useful regs: you have to have sequestered a hefty down for 6 months or longer you can prove origins. On top of that and applying for a pool, even before getting approved and onto a shortlist means you canNOT apply anywhere else for a year- even if you never ever get to the actually offered a unit to buy status.