|Re: Low-cost Cohousing||<– Date –> <– Thread –>|
|From: Sharon Villines (sharonsharonvillines.com)|
|Date: Mon, 4 May 2020 21:21:38 -0700 (PDT)|
> On May 4, 2020, at 9:18 PM, Grace Kim <grace [at] schemataworkshop.com> wrote: > I understand that people want to spend far less than 30%, but if that's the > measure/value. Its hard to have any other priority remain in light of that. There isn’t housing available for large numbers of people that only requires 30% of their income. Increasingly the norm is closer to 50% in the lower income levels. > In WA state, we build affordable housing (for low/moderate income households) > to high sustainability standards. How much do the units cost? HUD’s definitions for a family of 4: “Very low-income" is defined as 50 percent of the median family income for the area, subject to specified adjustments for areas with unusually high or low incomes; "low-income" is defined as 80 percent of the median family income for the area, subject to adjustments for areas with unusually high or low incomes or housing costs; https://www.huduser.gov/portal/datasets/il/fmr98/sect8.html Pew Research Center’s Income Class Calculator as of 2016: https://www.pewresearch.org/fact-tank/2018/09/06/are-you-in-the-american-middle-class/ The median per-capita income nation-wide was $31,099 in 2016. For a single person to buy a house with a downpayment of $5,000, the house has to cost ~$100,000 (in round numbers). Is there any cohousing community building units at that price? Sharon ——— Sharon Villines http://sustainablecohousing.org sustainablecohousing [at] groups.io To subscribe: sustainablecohousing+subscribe [at] groups.io
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