What is Affordable Housing?

Affordable housing is a term used to describe dwelling units whose total housing costs are deemed “affordable” to those with a particular household income in a given geographic area. Affordable housing developments are buildings or complexes in which some or all the units are considered affordable according to the aforementioned definition. There are often a range of affordable rents depending on the income of the potential tenant. Who is eligible for affordable housing?

Table for Income Limits:
This is for Below Market Rate units: https://www.huduser.gov/portal/datasets/il/il2017/2017summary.odn In some cases, affordable housing is rented at 30% of your income.
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