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by jacobolus
4462 days ago
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The linked PDF has a detailed explanation of their definitions in the appendix at the back: http://nlihc.org/sites/default/files/oor/OOR2014.pdf The number for “fair market rent” in each market is provided by the US Dept of Housing and Urban Development, and: > Out of Reach is consistent with federal housing policy in the assumption that no more than 30% of a household’s gross income should be consumed by gross housing costs. Spending more than 30% of income on housing is considered “unaffordable.” |
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