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2006-09-16_Agenda
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2006-09-16_Agenda
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10/25/2011 8:05:06 AM
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Commission/Committee
Commission/Authority Name
Housing Redevelopment Authority
Commission/Committee - Document Type
Agenda/Packet
Commission/Committee - Meeting Date
9/19/2006
Commission/Committee - Meeting Type
Regular
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2 <br />HOUSING COSTS ARE OUT OF REACH for FAMILiES WITH these incomes <br />$20,000 PER YEAR OR LESS <br />(One Full-Time Workerat $7.00 – $9.60 PerHour) <br />$1,400 _________________________________________________________ <br />$1,300 _________________________________________________________ <br />$1,200 _________________________________________________________ <br />$1,100_________________________________________________________ <br />$1,000 _________________________________________________________ <br />$900__________________________________________________________ <br />$800__________________________________________________________ <br />$700__________________________________________________________ <br />$600__________________________________________________________ <br />$500__________________________________________________________ <br />$400__________________________________________________________ <br />Jobs in this wage range include host/hostess, taxi driver, counter/rental clerk, <br />cashier, and child care worker . Housing costs take up a majority of income for <br />families with one wage earner at this level. Atypical two-bedroom apartment ($930 <br />per month) costs up to three-fourths of income. The average cost of a modest sin- <br />gle-family house ($1,473 per month) is far out of reach, at up to 100 percent of the <br />family's income. <br />Monthly Cost To Own <br />2/3-Bedroom House <br />$1,473 <br />(88–122% of Income) <br />Monthly Rent For <br />2-Bedroom Apartment <br />$930 <br />(56–77% of Income) <br />Amount Can Afford <br />For Housing <br />$364–$500 <br />(30% of Income)
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