Affordable housing
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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.[1]
NOTES
- ↑ http://170.97.167.13/offices/cpd/affordablehousing/index.cfm, U.S. Department of Housing and Urban Development, retrieved on 1/13/09