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Affordable housing is a term used to describe dwelling units whose total housing costs are deemed "affordable" to those that have a median income. Although the term is often applied to rental housing that is within the financial means of those in the lower income ranges of a geographical area, the concept is applicable to both renters and purchasers in all income ranges. This article focuses on the affordability of owner-occupied and private rental housing as social housing is a specialised tenure. In the United States and Canada, a commonly accepted guideline for housing affordability is a housing cost that does not exceed 30% of a household's gross income. Housing costs considered in this guideline generally include taxes and insurance for owners, and usually include utility costs. When the monthly carrying costs of a home exceed 30–35% of household income, then the housing is considered unaffordable for that household. Supply and demandIn the United States, a key element in determining affordable housing is acceptable commuting time/distance. In Southern California, for example, a household's inhabitants must decide whether to pay more for housing to keep commuting time and expense low, or to accept a long and/or expensive commute in order to obtain "better" housing. From Wikipedia under the
GNU Free Documentation License Affordable Housing? Q. Does anyone have any info on listings for Affordable Housing in NYC??? Asked by Tanesia - Tue Jul 3 16:04:43 2007 - - 3 Answers - 0 Comments A. gl. the "affordable" housing is either in bad condition/bad neighborhood impossible to get unless you know someone or on a wait list a block long... Id try the usual rent.com etc type places... but you prob wont find any great bargains in the city... happy hunting cheers! Answered by michael - Tue Jul 3 16:15:09 2007 How do i get affordable housing (rent or buy) with bad credit and no income? Q. My husband and I are about to get kicked out of my moms house (she hates us and our 2 kids). Well, we are living on one income (we pay our own bills, she pays none of our bills) and have bad credit. We are looking for some affordable housing that is decent to live in but we cant afford any houses around here. Any suggestions? I have a BS and my husband has Associates degree and he is an Asst. Manager at lumber/hardware store. Where we live, they do not pay well and if I get a job, it will just pay for daycare but I cant stay home (which I am doing right now). So there is no win win. Asked by adelek01 - Thu May 24 11:10:00 2007 - - 2 Answers - 0 Comments A. since i don't know where u live i can't help with the housing advice but it you want to increase ur income depending on ur degree, u might find a job that allows u to keep ur child with you say in a day care center or some place with a similar informal environment where there aren't strict regulations abt u bringing ur child along and it's upto the dicretion of ur employee(u might explain ur situation to them) or even better u can take up a job that allows u to work from home sth via the telephone( as a real estate broker if you have good communication skills ) or online maybe. but beware of scams !! good luck !! Answered by re - Mon May 28 07:04:21 2007 Can I buy a house if I own an affordable housing unit in nj?
Q. I bought a condo a year ago, it's an affordable moderate income unit. My income is much better now, and I want to buy a house at the regular market price. I know that I can't sell my condo for two more years, but I don't know if I can buy another house. Asked by martinsville - Sun Sep 7 17:06:39 2008 - - 2 Answers - 0 Comments A. You need to to do a couple of things: 1. Read over the affordable housing rules and regulations for your development and/or town, 2. Get in touch with the housing office of the town. This is very important because it is likely that you are not allowed to rent out your aflfordable unit (the units in my town are required to be owner-occupied.) Sometimes there is a clause in the regulations that allows for rental in extenuating circumstances (i.e. like if your job temporarily relocates.) I'm not sure why you would have to wait for two more years. Usually, the town maintains a waitlist of buyers for affordable housing, so you should have a buyer lined up. If you have enough income and capital to buy another house without selling your… [cont.] Answered by dalmanj - Tue Sep 9 18:06:12 2008 From Yahoo Answer Search: "affordable housing"  weeklycalistogan.com Thu, 09 Sep 2010 07:21:43 GMT+00:00 Weekly Calistogan As part of Calistoga's affordable housing stock, the city should do more to help all tenants living in the city's mobile home parks by ...  housingfinance.com Wed, 08 Sep 2010 19:54:40 GMT+00:00 Apartment Finance Today 10th and Mission Family Housing is the first affordable housing high-rise built in San Francisco in about 20 years. The $69 million project, which includes ...  marketwire.com Tue, 07 Sep 2010 14:03:01 GMT+00:00 in Cornwall Marketwire (press release) The project is supported by more than $2.2 million in funding through the Canada-Ontario Affordable Housing Program. Guy Lauzon, Member of Parliament for ... Kingsclear First Nation Celebrates New Senior Care Home Marketwire (press release) Governments of Canada and Ontario Celebrate New Affordable Housing in Huron County PR-USA.net (press release) From Google News Search: "affordable housing"  housingcolorado.org 474px x 600px | 143.60kB [source page] Family From Yahoo Image Search: "affordable housing"  sooperarticles.com unknown hu, 26 Aug 2010 11:45:40 GM Dharuhera has emerged as a promising destination as far as property in the National Capital Region (NCR) is concerned. From Google Blog Search: "affordable housing"  cnbc.com Tue, 29 Jun 2010 19:30:00 PDT Discussing how urban planners can develop low-cost affordable housing for the masses amid rising property prices, with Simon Tay, chairman ... cnbc.com.  atvn.org Tue, 13 Apr 2010 07:04:03 PDT 04/12/10: MTA's $45 million building project could provide more than 170 affordable housing units for low-income families in Los Angeles.. atvn.org.  scivee.tv Mon, 15 Mar 2010 16:59:37 PDT Swept Under the Rug; Assessing the Questionable Site Selection of Affordable Housing DOI: 10.4016/16531.01 Swept Under the Rug; Assessing the ... scivee.tv. From Google Video Search: "affordable housing" |
