Cost-burdened definition
Cost-burdened means a household that spends more than thirty percent of its income on housing.
Cost-burdened means when 30% or more of a household’s monthly gross income is dedicated to housing, using the affordable housing definition in CEMC 17.08.027.
Cost-burdened means for those families that pay more than 30% of their household income for housing, including rent and utilities.
More Definitions of Cost-burdened
Cost-burdened means when thirty percent or more of a household’s monthly gross income is dedicated to housing, using the affordable housing definition in this section.