Anesi Apartments

NEW -> Contingent Buyer Assistance Program
Does anyone know if other developments in So. OC (e.g. Ladera Ranch) is mandated to build these types of apartments or Irvine the only city getting the short end of the stick???
 
long story short... for too long irvine skimped allocating for low income housing... so CA finally put pressure onto irvine... so in the short run, yes, irvine is getting the short end of the stick seemingly (ie sudden tidal wave of low income housing where ratio of new development to low income housing is extremely high)... but in the greater scheme of things, no, irvine is not getting the short end of the stick since it is just equalizing its low income projects to match CA state norms in relation to irvines population boom for the past 10 years...
 
world chaos said:
long story short... for too long irvine skimped allocating for low income housing... so CA finally put pressure onto irvine... so in the short run, yes, irvine is getting the short end of the stick seemingly (ie sudden tidal wave of low income housing where ratio of new development to low income housing is extremely high)... but in the greater scheme of things, no, irvine is not getting the short end of the stick since it is just equalizing its low income projects to match CA state norms in relation to irvines population boom for the past 10 years...

Source and backup evidence, please?
 
world chaos said:

The article doesn't say Irvine has "skimped" on providing affordable housing. Based on my reading, it actually says the opposite:

Basolo of UC Irvine agreed, saying the city has a good reputation when it comes to providing affordable housing.

"Irvine ranked No. 1 in the Orange County Business Council's recent Workforce Housing Scorecard," which graded how cities have balanced job and housing growth, Basolo said. "Now these numbers from the RHNA are essentially telling the city, 'Do more.' It's an interesting problem."


 
Wow. 60% of Irvine's new housing units will have to be affordable according to that article... that's the majority.
 
Does anyone know what "very low income", "low income", and "moderate income" mean exactly? Is this relative to the state or to the city? If it's being compared to Irvine incomes, it doesn't sound "very low". I mean... theoretically, "moderate" could be, what, $90k per year? I visited Regional Housing Needs Assessment named on that graph in the article but I don't see any info on the site which pertain to assessing levels of need. I have seen tables by other agencies - Section 8 type stuff based on family size but I don't know if this is the same. Meh. I'd imagine it is.
 
Here is what I just pulled from HUD. This information is specific to Orange County as of Dec 2012. (County, not city is the most specific it gets.) The columns are a little wonky but you get the picture.

FY 2013 Income Limits Summary

Orange County, California
FY 2013 Income Limit Area Median Income

FY 2013 Income Limit Category 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Orange County $84,100 Very Low (50%) Income Limits

$32,050 $36,600 $41,200 $45,750 $49,450 $53,100 $56,750 $60,400
Extremely Low (30%) Income Limits

$19,250 $22,000 $24,750 $27,450 $29,650 $31,850 $34,050 $36,250
Low (80%) Income Limits

$51,250 $58,600 $65,900 $73,200 $79,100 $84,950 $90,800 $96,650

http://www.huduser.org/portal/datasets/il/il2013/select_Geography.odn
 
what?? then irvines definitely getting the short end of the deal man... that sucks particularly since the amount of low income housing being forced onto irvine is based on "projected" growth... fuckin a man...



traceimage said:
world chaos said:

The article doesn't say Irvine has "skimped" on providing affordable housing. Based on my reading, it actually says the opposite:

Basolo of UC Irvine agreed, saying the city has a good reputation when it comes to providing affordable housing.

"Irvine ranked No. 1 in the Orange County Business Council's recent Workforce Housing Scorecard," which graded how cities have balanced job and housing growth, Basolo said. "Now these numbers from the RHNA are essentially telling the city, 'Do more.' It's an interesting problem."
 
The time has come to leave Irvine and move to another city (e.g. Aliso Viejo).  Irvine is becoming way to urbanized like Los Angeles, Bejing, Taiwan, Seoul and will have the very same problems.  The only one getting rich off of Irvine's growth is the Irvine Company that controls the city.  And most of the people that work for the Irvine Company DO NOT live in Irvine.  They all live south of the Irvine Spectrum or Newport area....get my point??  Irvine will become the urban ghetto..
 
ok if 33k is considered very low income, then its not THAT bad then... last i checked USA median salary was 35k lawl... u can be considered middle class in some parts of america making that... does anybody know how much is being subsidized by the gov?  i know some areas subsidize up to 50% and some parts even more, but ive also heard of areas that only subsidize around 20-25% too...
http://www.cityofirvine.org/civica/filebank/blobdload.asp?BlobID=12855

i wonder if any of these newer/future units are available to buy and not lease...
 
SoCal said:
Here is what I just pulled from HUD. This information is specific to Orange County as of Dec 2012. (County, not city is the most specific it gets.) The columns are a little wonky but you get the picture.

FY 2013 Income Limits Summary

Orange County, California
FY 2013 Income Limit Area Median Income

FY 2013 Income Limit Category 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Orange County $84,100 Very Low (50%) Income Limits

$32,050 $36,600 $41,200 $45,750 $49,450 $53,100 $56,750 $60,400
Extremely Low (30%) Income Limits

$19,250 $22,000 $24,750 $27,450 $29,650 $31,850 $34,050 $36,250
Low (80%) Income Limits

$51,250 $58,600 $65,900 $73,200 $79,100 $84,950 $90,800 $96,650

http://www.huduser.org/portal/datasets/il/il2013/select_Geography.odn

Wow! $32,050 is low??
 
homer_simpson said:
Wow! $32,050 is low??

When average rents in Orange County are $1600/mo, $16/hr doesn't get you very far.  Of course, if you're single with no kids, there's nothing wrong with roommates.
 
locolocal said:
homer_simpson said:
Wow! $32,050 is low??

When average rents in Orange County are $1600/mo, $16/hr doesn't get you very far.  Of course, if you're single with no kids, there's nothing wrong with roommates.

$32,050 is for single income right? 

Still not bad...
 
Just so everyone knows, Rancho Mission Viejo (i.e. The Irvine Company of South OC) is building 14,000 new homes and/or apartments down by Ladera Ranch and not one of these will be "affordable" housing.  Guess who's getting the short end of the stick......I'll be moving the Rancho Mission Viejo soon.
 
homer_simpson said:
locolocal said:
homer_simpson said:
Wow! $32,050 is low??

When average rents in Orange County are $1600/mo, $16/hr doesn't get you very far.  Of course, if you're single with no kids, there's nothing wrong with roommates.

$32,050 is for single income right? 

Still not bad...
I remember my first job out of college at PwC I was making $35k back in 1998...I thought that was a lot of money.  But then again, rents were probably 50% lower back than versus that they are today. 
 
ak said:
Just so everyone knows, Rancho Mission Viejo (i.e. The Irvine Company of South OC) is building 14,000 new homes and/or apartments down by Ladera Ranch and not one of these will be "affordable" housing.  Guess who's getting the short end of the stick......I'll be moving the Rancho Mission Viejo soon.
You will not be missed!  :'(
 
USCTrojanCPA said:
homer_simpson said:
locolocal said:
homer_simpson said:
Wow! $32,050 is low??

When average rents in Orange County are $1600/mo, $16/hr doesn't get you very far.  Of course, if you're single with no kids, there's nothing wrong with roommates.

$32,050 is for single income right? 

Still not bad...
I remember my first job out of college at PwC I was making $35k back in 1998...I thought that was a lot of money.  But then again, rents were probably 50% lower back than versus that they are today.

Nothing two roomates, econo box car, $5 subway subs couldn't fix. 
 
ak said:
Just so everyone knows, Rancho Mission Viejo (i.e. The Irvine Company of South OC) is building 14,000 new homes and/or apartments down by Ladera Ranch and not one of these will be "affordable" housing.  Guess who's getting the short end of the stick......I'll be moving the Rancho Mission Viejo soon.
Slow down homeslice:
http://www.ranchoortega.com/blog/archives/686

Affordable housing has to be addressed in most new areas... Irvine or not.
 
wait dude...

will any of these for low income homes be for sale?? im seriously considering buying one... i can easily qualify if i just pick 1-2 years to off load a bunch of my stock losses on my 1040...
 
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