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Affordability |
Achieved when a household's rent or mortgage payment and utility costs do not exceed 30% of the monthly income for the targeted income group as adjusted for household size. |
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Gross Income |
Includes a household's earned income, income from assets, and income from other sources as defined by 24 CFR Part 83. |
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Extremely Low Income Households |
Households earning 30% of the area median income or less. |
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Housing Costs |
Include playground areas, laundry facilities, hallways and kitchens if used by residents of the housing project only. |