AFFORDABLE HOUSING

What is AFFORDABLE HOUSING?

AFFORDABLE HOUSING meaning in Urban terms is In general, housing for which the occupant(s) is/are paying no more than 30 percent of his or her income for gross housing costs, including utilities. Please note that some jurisdictions may define affordable housing based on other, locally determined criteria, and that this definition is intended solely as an approximate guideline or general rule of thumb.

 

reference: Glossary of HUD Terms | US Department of Housing and Urban Development

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