Whether buying a house or renting an apartment, spending more than 30% of one’s income on housing creates financial difficulties. The proportion of households spending 30% or more of their income on rent is an indicator of affordability and a potential contributor to homelessness. Read the rest of this entry »

Estimates of core housing needs in an area are derived by comparing the incomes of households currently living in unacceptable housing with the incomes that are required to access adequate, suitable and affordable housing in their communities. Read the rest of this entry »