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Subject: U.S. Rent Subsidies for 60 Households
Date: Mon, 9 Nov 92 07:02:32 EST
Message-ID: <misc325.1992Nov9.070233@AmeriCast.com>

HEADLINE: U.S. Rent Subsidies for 60 Households
Publication Date: Sunday November 8, 1992
BYLINE: DUKE HELFAND

The city will use $653,350 allocated by the U.S. Department of
Housing and Urban Development to subsidize monthly rents for about 60
very-low-income households over the next two years, officials said.

   Recipients will be chosen from a waiting list of about 2,000 eligible
renters. Although details have yet to be finalized, city officials are
looking into two possibilities. One offers monthly subsidies to ensure
that the renters spend no more than 30% of their income on housing; the
other provides a monthly fixed amount of about $400 per household.

   To qualify for the assistance, a one-person, very-low-income household
must earn no more than $16,400 annually. For a two-person household, the
ceiling is $18,750; for a three-person household, $21,100; for four,
$23,450; for five, $25,350, and for six, $27,200. HUD sets the limits.

   Approximately 35% of South Gate's 86,386 residents are classified as
very-low-income (those who earn less than 40% of the annual Los Angeles
County median household income), according to a recent report by the
Southern California Assn. of Governments.

   The subsidy funds are part of a $769,000 package allocated by HUD in
August. Following requirements of the agency, the city has reserved
$115,350, or 15% of the total, for a nonprofit development organization
to build additional affordable housing in the city. The organization has
not yet been chosen.


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