Wednesday, February 9, 2011

What happened next door to the lawsuit

My previous post discusses a lawsuit that protected the original residents of Third East Hills in Pittsburgh. Here's what private investment money and low-income housing tax credits did with nearby *Second* East Hills in 2007. This is the money bit in the article:
"All 200 units at Second East Hills are available for households earning incomes maxing out at between 20 percent and 60 percent of the AMI. The bulk of the units, 159, are reserved for households with incomes topping out at between 50 percent and 60 percent of the AMI."
By HUD's figures, Pittsburgh AMI (area median income) in 2010 was $63,000 for a family of four. By HUD's calcluations, a single person at 50% of median income in Pittsburgh would be earning $22,050 and the earners in a four-person household would together be earning $31,500. That's little enough money, but it is more than most people receive in disability or welfare benefits. And yet, if I'm reading this right (and I may be wrong -- someone please tell me if so), these 50% of AMI figures would now be the *minimum* incomes for those 159 units in Second East Hills. So no welfare families or SSI recipients need apply.

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