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Wednesday, June 06, 2012

Six-Figure Income Qualifies For Housing Aid

The bulk of new affordable housing to be part of the massive Tysons Corner redevelopment plan is slated for households making six figures — or close to it — according to an analysis to be unveiled Wednesday.

The plan calls for developers to set aside 20 percent of new residences in the area for households that make between 50 percent and 120 percent of the area median income — $107,500 for a family of four, according to the 2011-12 figures from the U.S. Department of Housing and Urban Development (HUD).

The bulk of that 20 percent would be distributed to those making about $70,000 to $120,000 per year, per county guidelines.

For complying with the county’s affordable housing guidelines, developers can build 20 percent more units.

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