HomeMy WebLinkAbout7/5/2017 Item 12, Cross
Christian, Kevin
From:Brett Cross <brettcross@yahoo.com>
Sent:Sunday, July
To:E-mail Council Website
Subject:San Luis Ranch Workforce Housing
Dear Council Members,
Much has been made about the San Luis Ranch project creating "Workforce" housing, but is the new housing going to be
affordable?.
At a minimum the definition of "Workforce Housing" needs to be understood.
Here are the maximum rental and sales prices for the Affordable Housing Standards that the County uses.
http://www.slocounty.ca.gov/Assets/PL/Housing/AHS/AHS.pdf
These limits need to be shown to the community so everyone understands what rent and price ranges correlate with the
various income levels.
Sincerely,
Brett Cross
1217 Mariners Cove
San Luis Obispo
1
Affordable Housing Standards
SAN LUIS OBISPO COUNTY DEPARTMENT OF PLANNING AND BUILDING
County Government Center San Luis Obispo, California 93408 Telephone (805) 781-5600
This bulletin summarizes the county's affordable housing standards including maximum household incomes, home
purchase prices and rents. It applies to new projects in both the Coastal and Inland portions of the County.
Income limits:
The state defines family income groups as follows: "Extremely Low Income" is defined by Health and
Safety Code Section 50106 as 30% of county median income; "Very Low Income" is defined by Health and
Safety Code Section 50105 as 50% of county median income; "Lower Income" is defined by Health and
Safety Code Section 50079.5 as 80% of county median income; "Moderate Income" is defined by Health
and Safety Code Secton 50093 as 120% of county median income; "Workforce" is defined by Title 22 of
the County Code as 160% of county median income. The following income limits are effective as of May 24, 2016.
Persons in
Household
Extremely Low
Income
Very Low
Income
Low Income Median Income Moderate
Income
Workforce
1 $16,250 $27,000 $43,200 $53,950 $64,750 $86,320
2 $18,550 $30,850 $49,400 $61,700 $74,000 $98,720
3 $20,850 $34,700 $55,550 $69,400 $83,250 $111,040
4 $24,250 $38,550 $61,700 $77,100 $92,500 $123,360
5 $28,410 $41,650 $66,650 $83,250 $99,900 $133,200
6 $32,570 $44,750 $71,600 $89,450 $107,300 $143,120
7 $36,730 $47,850 $76,550 $95,600 $114,700 $152,960
8 $40,890 $50,900 $81,450 $101,750 $122,100 $162,800
Sample maximum sales prices: (see footnotes)
Unit Size
(Bedrooms)
Extremely Low
Income
Very Low
Income
Low Income Moderate
Income
Workforce
Studio $39,000 $81,000 $123,000 $245,000 $342,000
1 $48,000 $96,000 $144,000 $283,000 $395,000
2 $57,000 $111,000 $165,000 $322,000 $447,000
3 $66,000 $126,000 $186,000 $360,000 $499,000
4 $73,000 $138,000 $202,000 $390,000 $541,000
Note 1: Homeowner association due (HOA) assumption per month is 150.00
Note 2: Mortgage financing assumed at a fixed rate for 30 years (per HSH Associates) is 4.01%
Note 3: Prices shown are preliminary estimates and may be revised. Round to the nearest 1000th.
Note 4: Actual sales price limits will be determined by the County on a case-by-case basis.
Updated: 6/1/2017
Maximum rents: (see footnotes)
Unit Size
(Bedrooms)
Extremely Low
Income
Very Low
Income
Low Income Moderate
Income
Workforce
Studio $405 $674 $809 $1,484 $2,023
1 $463 $771 $926 $1,697 $2,314
2 $521 $868 $1,041 $1,909 $2,603
3 $578 $964 $1,157 $2,120 $2,891
4 $624 $1,041 $1,249 $2,289 $3,122
Note 1: These rent limits include allowances for utilities as determined by the Housing Authority
of the City of San Luis Obipo (805-543-4478).
Note 2: Rent limits are updated when the State issues its annual update to median incomes,
generally in April of each year.
Updated: 6/1/2017