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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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4 <br />HOUSING COSTS ARE OUT OF REACH for FAMILiES WITH these incomes <br />$25,000 – $30,000 PER YEAR <br />(One Full-Time Workerat $12.00– $14.40 perhourortwo <br />full-time workers at more than $7.00 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 assembly worker, school bus driver, nursing aide, <br />medical records technician, and landscaper/groundskeeper .For these <br />households, rent for a two-bedroom apartment still exceeds 30 percent of income. <br />Home ownership remains out of reach, with costs for a single-family house taking <br />up 59–71 percent of income. <br />Amount Can Afford <br />For Housing <br />$625–$750 <br />(30% of Income) <br />Monthly Rent For <br />2-Bedroom Apartment <br />$930 <br />(37–45% of Income) <br />Monthly Cost To Own <br />2/3-Bedroom House <br />$1,473 <br />(59–71% of Income)
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