The affordable housing in city of Boston in USA. It deals with the median income of the city, the definition of affordable housing in the city and the government’s steps to provide affordable housing in the city. Here the Government programs help make housing affordable in two ways. The first method is to provide housing subsidies in the form of rental assistance, where all or a portion of the occupants’ monthly housing cost is paid for directly by either the state or federal government. Section 8 is an example of a subsidized housing program. Housing, whether rental or owner-occupied, is considered affordable when housing costs are at or below 30% of a household’s gross income. Which housing costs are affordable and which income levels count as “low-income” or “middle-income” varies depending on the conversation. This reference sheet serves as a guide to general definitions for the city of Boston.
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Edited By | Saba Bilquis |