A lot of people find it difficult to stay on top of housing expenses, especially in the world we live in today. According to the United States Department of Housing and Urban Development (HUD), affordable housing is when a family does not spend more than 30% of their gross monthly income on housing costs. Anything more than 30% can make a family cost-burdened and will not be defined as affordable. When families are cost-burdened, they can find it challenging to deal with other costs such as groceries, medical care, and more. It is crucial for you to find housing that…
Author: slstaff
A lot of people find it hard to deal with housing expenses. Housing expenses are an issue that families face more often than most people imagine. For instance, a typical housing unit that’s one bedroom costs $1,770 a month. The average rent is even more than that for a two bedroom at $2,106 a month. Low-income people can have a super hard time affording this amount. If someone earns $12.75 per hour and works 40 hours per week, they will only be earning $2,040 per month before taxes. The United States Department of Housing and Urban Development (HUD) set a…