Affordability definition

Affordability means a housing unit that satisfies at least one of the following criteria:

Affordability means a community's ability, on a per house- hold basis, to pay for rate increases that result from a DWSRF loan project.

Affordability means activities that provide affordability in a variety of ways in the lives of low- and moderate-income people. It can include the creation of affordable housing, infrastructure improvements that support housing, affordable business financing, or services such as transportation or childcare that support people in obtaining or maintaining a job.

Examples of Affordability in a sentence

• Affordability can be accomplished through project-based or tenant-based subsidies.

• The bill was read for the first time and referred to the Committee on Job Growth and Energy Affordability Policy and Finance.

• The jurisdiction is following a current consolidated plan (or Comprehensive Housing Affordability Strategy) that has been approved by HUD.

• Contributions must be made to the reserve account, starting at or before the conversion date of the construction loan to permanent loan and must be funded for the longer of the term of the HOME loan, Period of Affordability or the Compliance Period in accordance with the Replacement Plan.

• Based on HUD’s 1991 Comprehensive Housing Affordability Strategy (CHAS) regulations, households with housing problems include those that (i) occupy units with significant physical defects; (ii) are overcrowded; and/or (iii) have a cost burden of greater than 30 percent of annual income for gross housing costs, as determined by 1990 U.S. Census Data.

More Definitions of Affordability

Affordability means that the financial commitments to be incurred by an institution in terms of the PPP agreement can be met by funds –

Affordability means a community's ability, on a per household basis, to pay for rate increases that result from a DWSRF loan project.

Affordability means that—

Affordability means price relative to per capita income;

Affordability means the relative ability of the people of the state to pay for or incur the cost of a proposal, given:

Affordability means the Housing costs to the household are less than 30% of the total before-tax household income;

Affordability means that the pay setter should be able to finance the resulting costs with the present budget.