A lot is happening around affordable housing, but do you know how residents qualify to live there? And does affordable housing look any different than market-rate housing? We dig into the basics of affordable housing and discuss the planning process for each site. Lester Fontecha from EAH Housing gives us insight into what affordable housing looks like throughout the Bay Area and how financial vehicles like vouchers come into play. Affordable housing is a game changer for families looking for stability, and seniors who want peace of mind without worrying about the ever-increasing cost of living. We also talk with Lester about the varying income limits for affordable housing. This kind of housing is not without its challenges, however, and Lester takes us through each step in the development process and explains what it takes to make affordable housing happen in San José.
Affordable Housing - The U.S. Department of Housing and Urban Development defines “affordable housing” as housing on which the occupant pays no more than 30 percent of gross income for housing costs, including utilities.