New information from a state report reveals that folks could make over $100,000 a yr in 4 Bay Space counties and nonetheless be thought of “low income.”
A brand new report from the California Division of Housing and Group Growth confirmed in Marin, San Mateo, San Francisco and Santa Clara counties, a single individual might be making over six figures and nonetheless be categorized as low earnings.
Nowhere is that extra pronounced than in Santa Clara County, the place folks making beneath $111,700 a yr at the moment are outlined as “low income.”
“If you make $111,000 a year, you’ll still have a hard time getting a spot here,” mentioned San Jose resident Samuel Carbajal.
The quantity is perhaps eye-popping to folks outdoors of California. However some San Jose residents NBC Bay Space spoke to on Wednesday mentioned it’s not that stunning when taking a look at native housing costs.
“It’s not a livable situation,” mentioned San Jose resident Kingsley Egbujor. “Individuals are having to begin residing outdoors in several areas like Hollister and Los Banos simply to have the ability to make it even. Shopping for a home is subsequent to unimaginable. I’m a school scholar and dealing and I can barely afford to dwell right here.”
Kayla Guerrero was within the South Bay visiting household Wednesday however she mentioned that she moved away resulting from excessive value of residing.
“I made the decision to leave to a different county, to Placer County,” she mentioned. “It’s been a great experience. However, I’m away from family and friends and just everything that I knew as I was growing up.”
Silicon Valley at House advocates for extra inexpensive housing within the area. They mentioned for each inexpensive housing unit that goes in the marketplace, the house owners see no less than 10 functions.
Regina Celestin Williams, govt director of Silicon Valley at House, mentioned these new earnings numbers are proof extra inexpensive properties should be constructed now.
“What that number really means is that, yes, the wealth is being generated and there’s still a lot of work to do to make sure that there’s enough homes, so that everyone can afford to live here,” she mentioned.
Williams mentioned the state’s regional housing wants evaluation that mandates cities construct extra housing has helped.
The Santa Clara County Housing Authority informed NBC Bay Space Wednesday that whereas some households on the low earnings degree might qualify for state or native packages, they sometimes don’t meet the eligibility standards for his or her federal housing packages, that are focused to very low-income households and under.
