Reply to Housing is the new source of inequality

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[quote=Anonymous]https://www.redfin.com/DC/Washington/668-Kenneth-St-NE-20017/home/113744044

$444,573

four levels, three bedrooms, two and a half bathrooms, den, living room, dining room, kitchen, family room, with second and fourth floor roof top deck. Walking distance to Catholic University, Trinity University, and the Brookland Metro Station. This property (inclusionary Zoning /Affordable Dwelling Unit) can only be transferred to a household with an annual income up to eighty percent (80%) of area median income (AMI or median family income, MFI) as calculated through the formula provided in the Covenant. Those maximum income amounts are provided below. Also, the purchaser may not spend more than 41% of their gross income on housing costs. Household Size (number of people) Maximum Income (80% of MFI) for 4 people $113,840; 5 people $125,224; 6 people $136,608. Home Purchase Assistance Program (HPAP), Employer Assisted Housing Program (EAHP), and Negotiated Employee Affordable Home Purchase Program (NEAHP) are welcomed and encouraged to purchase.[/quote]

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