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>http://170.97.167.13/offices/cpd/affordablehousing/index.cfm,  retrieved on 1/13/09</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,  U.S. Department of Housing and Urban Development, retrieved on 1/13/09</ref>


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Revision as of 12:39, 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

  1. http://170.97.167.13/offices/cpd/affordablehousing/index.cfm, U.S. Department of Housing and Urban Development, retrieved on 1/13/09