Defining “Affordability” and Why it Matters in Navy Hill
By: Samantha VanWinter, staff editor According to the Department of Housing and Urban Development (HUD), “families who pay more than thirty percent of their income for housing are considered cost burdened and may have difficulty affording necessities such as food, clothing, transportation, and medical care.”[1] However, millions of Americans divert a much higher percentage of their income towards their homes. About twelve million … Continue reading Defining “Affordability” and Why it Matters in Navy Hill