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09/04/07 Special Meeting
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09/04/07 Special Meeting
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7/17/2025 2:53:45 PM
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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 />$25,000 - $30,000 PER YEAR <br /> <br />(One Full- Time Worker at $12.00- $14.40 per hour or two <br />full- time workers at more than $7.00 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 />(59-71 % ofIncome) <br /> <br />$1,300 <br /> <br />$1,200 <br /> <br />$1,000 <br /> <br />/..... ..... ......' " " <br />.~':~':". <br /> <br />t'.. .. _ _ ..:t <br />.''':.~''' -'"'it.".-'. <br />Monthly Rent For <br />2-Bedroom Apartment <br />$930 <br />(37-45% ofIncome) <br /> <br />$1,100 <br /> <br />$900 <br /> <br />$800 <br /> <br />. . . <br />-III <br /> <br />$700 <br /> <br />Amount Can Afford <br />For Housing <br />$625-$750 <br />(30% of Ineome) <br /> <br />. <br /> <br />$600 <br /> <br />$500 <br /> <br />$400 <br /> <br />Jobs in this wage range include assembly worker, school bus driver, nursing aide, <br />medical records technician, and landscaper/groundskeeper. For these <br />houscholds, rent for a two-bcdroom apartment still exceeds 30 percent of income. <br />Home owncrship remains out of reach, with costs for a single-family house taking <br />up 59-71 percent of income. <br /> <br />4 <br /> <br />
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