CRE Glossary

Little A Affordable Housing

Also known as workforce housing, where households typically earn between 60 and 120 percent of AMI (Area Median Income), this housing is aimed at those who earn too much to qualify for subsidy programs such as LIHTC and Housing Choice Vouchers but are cost-burdened at market-rate rent levels. This also includes naturally occurring affordable properties that do not have Land Use Restriction Agreements (LURA).

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