$84,000 a year now qualifies as low income in high-cost Orange County – Orange County Register

$84,000 a year now qualifies as low income in Orange County... http://ift.tt/2pFFIA6 A family of four with an annual income of $84,450 or less now qualifies as low income in Orange County. A single person living alone qualifies as low income if he or she earns $58,450 or less a year. Orange County has the fifth-highest income threshold in the nation, according to new income limits released last month by the U.S. Department of Housing and Urban Development. Government and private agencies use HUD’s income calculations to determine eligibility for a wide variety of assistance programs, ranging from rent subsidy vouchers and public housing to mortgage assistance. While low-income families qualify for some programs, others are limited to households earning far less, with limits as low as $31,300 for a family of four. Record-high rents and home prices are driving up Southern California income limits. Orange County apartment rents, for example, increased 20 percent over the past seven years, while the median sale price of an Orange County house has jumped 40 percent. “When you tell somebody that’s making $70,000 that they’re low income, they go, ‘What? That’s low income?’ Unfortunat
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