Quantcast
  

Monday, September 01, 2014         

TO ACCESS SUBSCRIBER CONTENT:
Current Print Subscribers
ACTIVATE account
- OR -
LOGIN or SUBSCRIBE
for full digital access

'Affordable' housing

Developers face pressure to build projects for lower-income residents — which they say can’t be done without substantial government support

By Vicki Viotti

POSTED: 01:30 a.m. HST, Feb 09, 2014

~~<p>Everyone can be forgiven for being confused about the meaning of &quot;affordable housing.&quot; The expression is popularly applied to everything from heavily subsidized public rentals up to condos that are also described as &quot;workforce housing,&quot; units priced for urban professionals.</p>
<p>Across the country, different levels of affordability are linked to the area median income (AMI), which varies from place to place. The U.S. Department of Housing and Urban Development (HUD) gives tax credits to developers, which they can sell to help finance the project, as long as the units are priced for households earning 60 percent of the AMI or less.</p>
~~

Everyone can be forgiven for being confused about the meaning of "affordable housing." The expression is popularly applied to everything from heavily subsidized public rentals up to condos that are also described as "workforce housing," units priced for urban professionals.

Across the country, different levels of affordability are linked to the area median income (AMI), which varies from place to place. The U.S. Department of Housing and Urban Development (HUD) gives tax credits to developers, which they can sell to help finance the project, as long as the units are priced for households earning 60 percent of the AMI or less. Login for more...



Login or sign up below for the complete story

Print Subscribers
ACTIVATION
Current print subscribers, activate your premium content account for unlimited online access & commenting
New Subscribers
Find subscription offers in your area and choose the package that suits your reading preferences.

14-DAY PASS
14 day premium online access and commenting ability on StarAdvertiser.com