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New research shows where evictions are most likely to happen - October 20, 2021
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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.
Regardless of income, policymakers consider households contributing more than 30% of their income towards housing as cost burdened.
Related Definitions:
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