The concept of affordable housing is complicated and multi-dimensional. Its central principal is that a community’s housing stock should align with the economic status of people seeking housing. Ideally, people at every income bracket will find a selection of housing options that answer their needs but do not demand so much of their income that it limits the household’s ability to obtain other necessities.
|Income-Qualified Housing refers to housing affordability for households making less than 80% of the area median income. The area median income (AMI) is the household income for the median, or middle, household in a region.|