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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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HOUSING COSTS ARE OUT OF REACH for FAMILiES WITH these incomes <br />3 <br />$20,000 – $25,000 PER YEAR <br />(One Full-Time Workerat $9.60–$12.00 PerHourorone full-time <br />workerand one part-time workerat less than $8.00 perhoureach) <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 messenger, receptionist, retail sales, home health <br />aide, teacherassistant, housekeeping cleaner, restaurant cook, janitor, file clerk, <br />dry cleaner, and bank teller .Households with two persons working full time for <br />minimum wage also would fall within this income category. Atwo-bedroom <br />apartment costs up to half of income for households in this group, and owning a <br />single-family house costs up to 88 percent of income. <br />Amount Can Afford <br />For Housing <br />$500–$625 <br />(30% of Income) <br />Monthly Rent For <br />2-Bedroom Apartment <br />$930 <br />(45–56% of Income) <br />Monthly Cost To Own <br />2/3-Bedroom House <br />$1,473 <br />(71–88% of Income)
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