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I just got a new job that pays $40k, my spouse earns $30. Will we lose out low-income housing if our income is $70,000?
What is the maximum income 2 adults can earn in order to keep low-income housing?
Thank you,
There's no nice to say this, so I'll just say it: I hope you lose your sec 8 and I hope you learn how to manage your money and live within your means. 70k is not a lot of money, but you can support yourself and your family on it.
Together, you make way more than me and my family, and I would never have even considered us to be eligible for low income housing. FWIW, we're a family of 5 living in a pricey area in Seattle. Congratulations on your new job! You need to get off that low-income-housing-train. You've had a good ride; time to let someone more deserving of it have a turn. I wouldn't be surprised to discover you didn't qualify when your spouse was making $30k for just the two of you.
I live in the Bay area. 2 bedroom apartment is +$2200/month.
If you think that I am more fortunate than you then just move to the Bay area and you will know how wealthy you are with $70,000/year - taxes - $26400(rent).
I live in the Bay area. 2 bedroom apartment is +$2200/month.
If you think that I am more fortunate than you then just move to the Bay area and you will know how wealthy you are with $70,000/year - taxes - $26400(rent).
Not sure what county you are in, but for Santa Clara County, the max income for 2 people is $63,400.
There are different types of things that the housing authority can deduct from your income, too. For instance medical costs. And I'm not sure if the income is before or after taxes, either.
I think you should go talk to your housing authority rep, and ask them if the max is before or after taxes and what types of deductions you are allowed, etc. I just learned from someone here on CA that you can get deductions for service dogs as medical expenses, too, for the costs associated with the service dog, for instance.
I have a Section 8/HUD voucher now, too. It's security. You don't want to take a chance on losing it, because it's too hard to get again. So, just go find out from your rep if you will still be within the max after whatever deductions you are allowed. I bet you will still qualify, you'll just have to pay higher rent.
If you need to find out what the max is for a different county, just Google: "the county name & housing authority Section 8 HUD voucher income limits" or just call them up.
I can understand your fear. If the job doesn't work out, you may have risked your housing.
Say nothing. Start your job and ensure you like it before notifying the powers that be.
And before that, make sure you've looked to find housing.
Within a few yrs, if you still want cheap housing, buy in a rural area and build a home illegally.
Or buy a home and convert part of the home into another tiny studio apartment and rent that out
Congratulations on your new job You did good!
Your advise is illegal. Section 8 requires tenants to report any changes in income immediately. Failing to do so is a federal offense...a felony. Not only will the tenant be arrested, he will also have to pay back all the money he stole from the American taxpayers.
I live in the Bay area. 2 bedroom apartment is +$2200/month.
If you think that I am more fortunate than you then just move to the Bay area and you will know how wealthy you are with $70,000/year - taxes - $26400(rent).
Why would a married couple need a two bedroom apartment?
I can understand your fear. If the job doesn't work out, you may have risked your housing.
Say nothing. Start your job and ensure you like it before notifying the powers that be.
And before that, make sure you've looked to find housing.
Within a few yrs, if you still want cheap housing, buy in a rural area and build a home illegally.
Or buy a home and convert part of the home into another tiny studio apartment and rent that out
Congratulations on your new job You did good!
I'm pretty sure this is the next installment in the Hardy Boys series. I'm so excited!
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You did good!
