[quote author="momopi" date=1247897427]SCAG's mandate for 35,660 units are allocated as follows:
40.3% Above moderate income
20% Moderate Income households
18% Low income households
21.7% Very low income households
Is there a requirement that xx% must be for sale and not rental units?
I read that for 2009, "Moderate income" in OC is set at $111,600 for 1-2 persons & $130,200 for 3 person households. "Low income" is defined at $66,960 & $77,004 for existing structures, and $78,120 & $89,838 for new construction. I'm not sure what the very low income limit is set at.
Does anyone have better numbers?
Personally, I'd like to see more affordable housing units and services built for seniors.</blockquote>
I will be starting a think tank process for a senior project in the Great Park. Focus is Chinese and Persian demographic. The idea is affordability and it could never be achieved on the Ranch due to land cost. With government tax credit and City owned land the possibility is realistic.