California Housing Programs Classify Some $100,000 Earners as Low Income
Photo: TokenPost
A $100,000 annual income can qualify as low income under some California affordable-housing programs, reflecting how cost pressures in parts of the state shape program eligibility. The California Department of Housing and Community Development sets income thresholds for the programs. The classification has prompted discussion of economic pressures in relation to taxation and welfare policies. California voters are scheduled to decide Nov. 3 on a proposed billionaire wealth tax. Riza Dagoc reports on regulation, investing and the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.
Source: TokenPost
