Definitions for "Affordable Housing"
A housing unit-owned or rented-at a price appropriate to low and middle incomes.
a calculation of the average cost of single family residences as measured against the average income of potential buyers or renters. As a rule of thumb the cost of a residence for a buyer should be no more than three times annual household income. definition of affordable housing defined definition of regional economic development organization defined
A unit that costs no more than 30% of the renter's income.