SAN FRANCISCO ( KRON ) — People living in San Francisco who earn over $100,000 a year are considered low-income, according to a new report. The report was released by the California Department of Housing and Community Development (HCD) last month.
In San Francisco, the report states, a single-person household with income of $109,700 is considered low-income. A two-person household with an income of $125,350 would similarly be classed as low-income.
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The HCD’s report crunches federal income data, takes into account household size, and then calculates five categories of income, ranging from acutely low to moderate. The determinations are then leveraged to determine who is eligible for housing assistance.
According to the report, there are three other Bay Area counties — Marin, Santa Clara, and San Mateo — where it’s possible to earn six figures and still be classed as low-income…