Cohousing-L Mailing List: Re: Low Income Housing

[Sharon Villines (sharon]

> On Sep 26, 2015, at 10:41 AM, Rod Lambert <rod [at] ecovillage.ithaca.ny.us> 
> wrote:
> 
> * >Reminder about affordable vs low income. They are different things. 80%
> of market >rate is still out of the range of millions of people who need
> housing.*
> If this is in reference to my email, actually I was suggesting 80% of *median
> income* not 80% of market rate - a very different approach. If a group is
> interested in keeping a certain number of units affordable in the long term
> they initially subsidize the units to achieve that price to the initial
> buyer. After that the unit must always be sold at 80% of local median
> income affordability. (Median income statistics are kept by local
> government authorities.) 

I was referring to the usual definitions of affordable housing used by the 
federal and state government programs to give grants and tax breaks, etc. to 
residential developments.

Sharon
----
Sharon Villines
Takoma Village Cohousing, Washington DC
http://www.takomavillage.org