Affordable Housing

According to the federal government, housing is affordable when rent or mortgage payments (principal, interest, taxes, and insurance) plus utilities are no more than 30% of the occupant’s monthly income.

For instance, an apartment unit for a retail sales worker earning an annual wage of $32,000 in the Greater Lansing region needs to cost less than $800/month for it to be considered affordable to them.

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1. Accessible Housing
2. Affordability
3. Affordable Housing
4. Area Median Income (AMI)
5. Assemble Housing
6. Attainable Housing
7. Displacement
8. Dwelling
9. Elderly Person Household
10. Extremely Low-Income Household
11. Fair Market Rent (FMR)
12. Family
13. Gentrification
14. Gross Annual Income
15. Gross Rent
16. Homeless
17. Household
18. Housing Assistance Payment
19. Housing Choice Voucher
20. Housing Market Area
21. Inadequate Housing
22. Low-Income Household
23. Market Area
24. Market Value
25. Metropolitan Statistical Area (MSA)
26. Net Rent
27. NIMBY (Not In My Backyard)
28. NOAH
29. Operating Subsidies
30. Overcrowding
31. Project-Based Housing Assistance
32. Project-Based Vouchers
33. Public Housing
34. Qualified Census Tract
35. Redlining
36. Rehabilitation
37. Renovation
38. Section 8
39. Tenant-Based
40. TIF
41. TOD
42. Utility Allowance
43. Waiting List
44. Workforce Housing