The document discusses qualifying for housing assistance programs in California, such as Section 8 and public housing. It explains that Section 8 provides vouchers to low-income families to help cover rent costs, and households earning below 50% of the median income for their area likely qualify. It also notes that SP Investment Fund invests in affordable housing and emerging technologies with social impacts, and manages government-subsidized apartment buildings in Los Angeles to rehabilitate them.

1. Qualifying
for Housing
Assistance
in California
SP INVESTMENT
FUND

2. Introduction
SP Investment Fund invests in emerging technology that will have
socially positive impact on lives as well as affordable housing. Based in
Los Angeles, California, SP Investment Fund also manages investments
in and rehabilitates apartment buildings, with a focus on government-
subsidized apartment buildings.
Federal, state and local governments have programs to subsidize
housing costs for people with low incomes who would otherwise not be
able to afford a decent place to live. In California, housing subsidy
programs include public housing or Section 8. The latter program
provides vouchers to families with low income to make up the
difference between a home’s rent and what they can afford. Both
programs are supervised by the Department of Housing and Urban
Development (HUD).

3. Housing
To qualify for a voucher under the Section 8 program, a family’s income
must fall below a certain threshold, usually the area’s median figure.
The exact figure is determined annually depending on household
income movements, and varies by location. For example, an affluent
area like San Francisco will have a higher median income than less
affluent surrounding areas.
HUD considers households whose incomes fall below 50 percent of the
area’s median, as evidenced by tax returns or pay stubs, eligible for
Section 8. Those who are elderly, have a disability, or have low income,
can contact their area public housing authority to confirm qualification
for the subsidy program and locate available housing options within
their locale.