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Housing Word of the Month: Affordable Housing

The term affordable housing is often used, but do you really know what it means? There are some misconceptions out there. Affordable Housing does not mean that housing will have no cost, nor does it automatically mean that a housing subsidy is involved, although that may be the case at times. Affordable Housing, simply put, means that the cost of housing for a family is an affordable percentage, based on established guidelines, of the gross household income.

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