A state agency or local government that has the authority to dispose of surplus public property may transfer, lease, or otherwise dispose of surplus property if the purpose is for a public benefit. Exceptions to this authority include the sale or transfer of any state forestlands, any state lands or property granted to the state by the federal government for the purpose of common schools or education, or otherwise subject to a legal restriction that would be violated through the disposition.
In this context, a “public benefit” refers to affordable housing for low-income and very low-income households, and related facilities that support the goals of affordable housing development in providing economic and social stability for low-income persons.
“Affordable housing” means residential housing that is rented or owned by a person who qualifies as a very low-income, low-income, or moderate-income household, or who is from a special needs population and whose monthly housing costs, including utilities other than telephone, do not exceed 30 percent of the household's monthly income.
A household is considered "low-income" when the household income is more than 50 percent, but at or below 80 percent of the median income where the housing is located.
A household is considered "very low-income" when the household income is at or below 50 percent of the median income of the county where the housing is located.
Affordable housing is defined as residential housing that is rented or owned by a person who qualifies as a very low-income or low-income household, or who is from a special needs population, and whose monthly housing costs do not exceed:
A household is considered "low-income" when the household income is more than 50 percent, but at or below 80 percent of the median income where the housing is located.
A household is considered "very low-income" when the household income is at or below 50 percent of the median income of the county where the housing is located.