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YIMBY of Northern Nevada: Difference between revisions
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* As solutions to our housing crisis roll out, the 24% of households in Greater Reno with more than $100,000 income will have an opportunity to drive their combined housing and transportation costs well below 45%. This will be especially true for the 6% of our neighbors living in households with more than $200,000 income. <br />
* For 2018, the U.S. Department of Housing and Urban Development (HUD) has set 100
* We use HUD's definition of workforce housing as attainable for households earning between 80% ($58,800) and 120% ($88,200) of AMI with total housing costs not exceeding 30% of gross income. <br />
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* We also use HUD's definition of affordable housing as attainable for households below 80% of AMI ($88,200). <br />
* It is important to understand public subsidies such as the Low-Income Housing Tax Credit (LIHTC) are only available to households with less than 60% of AMI ($44,100). <br />
* Public Housing is only available for households below 50% of AMI ($36,750 for a 4-person household and $25,750 for a 1-person household). A full-time single earner living alone needs to make less than $12.38 per hour to qualify. Even below these levels, the waiting list extremely long. <br />
* HUD’s Extremely Low-Income Limit for Washoe County is 34% of AMI ($25,100 for a 4-person household and $15,450 for a 1-person household. A single earner living alone needs to work less than 36 hours per week at the $8.25 minimum wage without benefits to qualify.<br />
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* People should be free to choose to live in places that are urban, compact and walkable, low-density and car-centric. They should also be free to choose to live in suburban or rural places. Not everyone wants to live in a dense city. However, current policies restrict the supply of urban housing, leaving suburban life as the only affordable option for many. <br />
<big>'''Housing is a home'''</big><br />
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