ATTACHMENTS - Laserfiche WebLink

Let's Talk About CONTEMPORARY AFFORDALE HOUSING WHO, WHAT, HOW & WHY WHAT DOES CONTEMPORARY Bay Area families face high costs of living, and housing is AFFORDABLE HOUSING LOOK LIKE? generally the greatest single expense. Not only do Bay Area Contemporary affordable homes are families spend more of their income on housing costs than designed and built with the character and anything else, the proportion of their income that they style of the neighborhood in mind. Many have won design awards! Chances are spend on housing is lowering their overall quality of life. you have walked right by an affordable home and not even known it. WHAT Does It Mean For Housing To Be"Affordable"? By federal government standards, housing is considered "affordable" if house- holds pay no more than 30% of their gross income Ivor rent and utilities. t'� � ;� ; ` „ ,r More than half of California's low income household:; pay more than 50% for VI is � y LiM6 their gross income for housing. Such severe overpaying creates bigger problems i. for lower-income and middle-income families. With a large portion of their household income going toward housing every month, it leaves less for essentials Downtown River Apartments, like food and medicine, forcing these families to make difficult choices. Petaluma, CA WHO Lives In Contemporary Affordable Housing? People who earn less than their region's median income, from all walks of life, Broderick Place, SanFrancisco, CA can apply. Affordable housing developers must certif y specific ecific income limits ,% - for their prospective residents as a condition of fundi:lg. Housing for "very low r income” for example, is only available to households earning less than 50% of the area's median income. In the Bay Area this would include minimum-wage earn- r iy � ers as well as entry level professions such as teachers and nurses. iA M m y 1 1 44. I _ WHO Builds Contemporary Affordable Housing? It is built by private developers, mostly non-profits, many of which are local, community or faith-based organizations.The buildings are funded through a Oroyson Terrace, Fremont, CA - combination of rental income, private funding and government subsidies. ■■ ��I mr u ilb,• _ FOR MORE INFORMATION ' - !N i 1 The Online Guide to State and Local Housing Policy, Center for Housing Policy: i'lillp l!!µ'N:t;: tam www.housingpolicy.org Myths and Facts About Affordable and High-Density Housing, California Planning Roundtable & California Department of Housing and Community Development: The Non-Profit Housing Association www.hcd.ca.gov/hpd/mythsnfacts.pdf of Northern California Busting the Five Myths of Affordable Housing, The Campaign for Affordable Housing: 369 Pine Street,Suite 350 San Francisco,CA 94104 www.tcah.org/pdf/5Myths.pps [ph]415.989.8160 4]415.989.8166 www.nonprofithousing.org NP