Affordable Apartments, Subsidized and Section 8 Housing in your City
Affordable Housing Apartments

Affordable Apartments, Subsidized and Section 8 Housing in your City

 

Affordable Housing is generally defined as housing where the tenant is paying no more than 30 percent of gross income for gross housing costs. Housing costs may include the real estate taxes; the fees for fire, hazard and flood insurance; the costs of utilities (electric, gas and water) and fuels (oil, kerosene, wood, etc.); and the payments for mortgage and other similar debts on the property.

It also includes housing that is for purchase qualifies as affordable housing if it has a sale price that does not exceed the mortgages limit for type of single family housing for the area under HUD's single family insuring authority under the National Housing Act; and is purchased by a low-income, first-time home buyer who will make the housing his or her principal residence.

 

HUD. The United States Department of Housing and Urban Development.

 

 

*U.S, Census Bureau

Affordable Housing Local Apartments

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2005
Last modified: 09/05/11