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Affordable Housing Apartments

Affordable Housing refers to rental units that are priced below the market rate, typically for households with lower incomes.  According to HUD, anyone paying more than 30 percent of their income on housing is cost burdened, and anyone paying more than 50 percent of their income on rent is severely cost burdened. This is where affordable housing strives to meet each tenant where they are at, and bridge the gap between wages and market rate pricing.