Affordable housing: Difference between revisions
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Affordable housing refers to housing where the monthly costs associated with housing are 30% or less of the total household income. Households that pay more than 30% of their gross income for housing are considered cost-burdened and may have difficulty affording other necessities.<ref> | Affordable housing refers to housing where the monthly costs associated with housing are 30% or less of the total household income. Households that pay more than 30% of their gross income for housing are considered cost-burdened and may have difficulty affording other necessities.<ref>http://170.97.167.13/offices/cpd/affordablehousing/index.cfm, retrieved on 1/13/09</ref> | ||
==NOTES== | ==NOTES== | ||
<references/> | <references/> |
Revision as of 12:38, 13 January 2009
Affordable housing refers to housing where the monthly costs associated with housing are 30% or less of the total household income. Households that pay more than 30% of their gross income for housing are considered cost-burdened and may have difficulty affording other necessities.[1]
NOTES
- ↑ http://170.97.167.13/offices/cpd/affordablehousing/index.cfm, retrieved on 1/13/09