Mount Laurel Township, New Jersey Essays

  • Essay On Affordable Housing

    1848 Words  | 4 Pages

    families a chance to pay their rent and afford necessities such as medical care, clothes, food, and transportation. Affordable housing, unlike market rate housing, has affordability controls limiting the rent or sales price for at least 30 years. The New Jersey Council on Affordable Housing considers housing “affordable” if the household pays approximately 28% or less of the household’s gross income on housing costs. Affordable housing is priced to be affordable to households earning up to 80% of the area