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09/04/07 Special Meeting
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09/04/07 Special Meeting
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Last modified
7/17/2025 2:53:45 PM
Creation date
8/30/2007 3:16:57 PM
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Meetings
Meeting Document Type
Agenda
Document Title
Housing & Redevelopment Authority - Special
Document Date
09/04/2007
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<br />HOUSING COSTS ARE OUT OF REACH FOR FAMILIES WITH THESE INCOMES <br /> <br />$20,000 - $25,000 PER YEAR <br /> <br />(One Full- Time Worker at $9.60 -$12.00 Per Hour or one full- time <br />worker and one part- time worker at less than $8.00 per hour each) <br /> <br />"ie, <br /> <br />$1,400 <br /> <br />Monthly Cost To Own <br />2/3-Bedroom House <br />$1,473 <br />(71-88% ofIneome) <br /> <br />$1,300 <br /> <br />$1,200 <br /> <br />$1,000 <br /> <br />/ '......" ...... '....... ''', <br />.,.:....~t+ <br /> <br />t(.. .. _. _ _ '].' <br />. ,.. ." It. '""."...'. <br /> <br />Monthly Rent For <br />2-Bedroom Apartment <br />$930 <br />(45-56% ofIncome) <br /> <br />$1,100 <br /> <br />$900 <br /> <br />$800 <br /> <br />$700 _. . . <br />III <br /> <br />$600 <br /> <br />- Amount Can Afford <br />For I-lousing <br />$500-$625 <br />(30% ofIncomc) <br /> <br />$500 <br /> <br />$400 <br /> <br />Jobs in this wage range include messenger, receptionist, retail sales, home health <br />aide, teacher assistant, housekeeping cleaner, restaurant cook, janitor, file clerk, <br />dry cleaner, and bank teller. Households with two persons working full time for <br />minimum wage also would fall within this income category. A two-bedroom <br />apartment costs up to half of income for households in this group, and owning a <br />single-family house costs up to 88 percent of income. <br /> <br />3 <br />
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