Property Q&A in Arcadia>Question Details

Sanjana, Home Buyer in Arcadia, CA

What is the moderate income in arcadia / is it after tax or before tax ?

Asked by Sanjana, Arcadia, CA Thu Nov 22, 2012

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This question was asked from this property: http://=www.trulia.com/property/3067373493-121-Alta-St-Arcadia-CA-91006" target="_blank" rel="nofollow">http://www.trulia.com/property/3067373493-121-Alta-St-Arcadi…

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4
William, the moderate income isn't $752,100 in Arcadia. Not sure where you got that number from, or if you just misread the question. However if you look at http://www.ci.arcadia.ca.us/docs/app_b_tech_background_rpt_4… it quotes the 2000 Census figure of $56,100 for the median household income (aka "area median income" or "AMI") for residents in Arcadia. I'm sure it has increased some since then, but it's definitely not $752,100. Further, per that report, the "moderate area income" is between 81 and 120 percent of AMI . But if you clicked the link in the question, and read the listing information, Sanjana is specifically asking about the property at 121 Alta Street which requires potential homebuyers meet the moderate income standards as published by the City of Arcadia Redevelopment Agency. A Google search of the Arcadia Redevelopment Agency turns out the website http://www.ci.arcadia.ca.us/home/index.asp?page=1211 however nowhere on it does it specifically cite Arcadia's moderate income level. As for your comment of "As I'm the only one that answered your question", don't be so pompous.
2 votes Thank Flag Link Sun Dec 9, 2012
Good Evening Sanjana,

The moderate income in Arcadia is $752,100. The amount is before tax. If you have anymore questions, do not hesitate to post them here or ask me. I am the expert on Arcadia's local market and I've lived here my entire life.

As I'm the only one that answered your question, I'd appreciate it if you picked my answer as the best :D

Have a great weekend!

-William, CIPS, RSPS
626-898-5810
Goldenlandinc.com
Golden Land Investments & Financial, Inc.
0 votes Thank Flag Link Sat Dec 8, 2012
Sanjana, my name is Pushpa I guide buyers purchase homes and sell homes. I am assuming you are asking this question because the properties price is very high in Arcadia,CA I can email you the statistical report so you get an accurate information. If you are planning to buy a home please call me directly @626-833-5206 or email me @ pushparealtor@gmail.com or pushpa4homes.com
0 votes Thank Flag Link Thu Nov 22, 2012
When qualifying for community programs such as the Arcadia Redevelopment Agency, income levels are always determined by your "before tax" amount.

Shane Milne | Lending in all 50 states | NMLS #81195
0 votes Thank Flag Link Thu Nov 22, 2012
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