SLIDE 8 8/7/2020 8
Our Vision
All pe o ple live with dig nity in sa fe , he a lth a nd a ffo rda b le ho me s within c ommunitie s of oppor
tunity
What is affor dable housing?
1. Re side nts pay at most 30% of the ir inc ome in housing c osts
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Re nta l Ho using Co st = Re nt + Utilitie s
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Owne rship Ho using Co st = Pr
inc ipal + Inte r e st + T axe s + Insur anc e 2. Inc lude s a wide r ange of housing type s
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Spe c ial Ne e ds – fixe d inc o me , ho me le ss, disa b le d, e tc
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Senior s, Ve te r ans, F ar m Wor ke r s
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Wor king “poor ” minimum wage , 30% to 50%
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Wor kfor c e 60% to 100%
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Owne r ship – Sing le F
a mily, T