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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.<\/p>

Regardless of income, policymakers consider households contributing more than 30% of their income towards housing as cost burdened.<\/p>", "inDefinedTermSet": "https://affordablehousingonline.com/glossary" },

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Affordable Housing

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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.

Regardless of income, policymakers consider households contributing more than 30% of their income towards housing as cost burdened.

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