What IS AFFORDABLE HOUSING?
Housing Costs vs.
There is often confusion about the term affordable housing and what it applies to. While affordable housing covers many different income levels and price ranges, what makes housing affordable is the ratio of housing costs to household income. The word affordable, as defined by the federal government, means that housing plus utilities should not cost more than 30 percent of household income.
Determine which income level you fall under by utilizing the provided table from the Department of Housing and Community Development.