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So far, the City has created and preserved 3,848 affordable housing units, completing over half of the 10-year goal. In total, there are 7,149 affordable units built and/or being built since 2016, with 3,301 units currently in the pipeline.
The City’s efforts primarily serve low- and moderate-income (LMI) individuals and families. Income limits are set each year by the U.S. Department of Housing and Urban Development and are based on the Area Median Income (AMI) per city or county.
| Family Size | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 |
|---|---|---|---|---|---|---|---|---|
| 30% AMI | $23,800 | $27,200 | $30,600 | $34,000 | $36,750 | $39,450 | $42,200 | $44,900 |
| 50% AMI | $39,700 | $45,350 | $51,000 | $56,650 | $61,200 | $65,750 | $70,250 | $74,800 |
| 60% AMI | $47,640 | $54,420 | $61,200 | $67,980 | $73,440 | $78,900 | $84,300 | $89,760 |
| 80% AMI | $63,500 | $72,550 | $81,600 | $90,650 | $97,950 | $105,200 | $112,450 | $119,700 |
How We Work to Meet Our Goals
The affordable housing goal counts housing units that have been created and/or preserved through the following four activities:
- New single-family houses and townhomes constructed for affordable home buyers
- Affordable rental apartments that are newly constructed or preserved
- Homebuyers receiving financial assistance through the City's homebuyer assistance programs
- Owner-occupied homes repaired through the City's homeowner repair and rehabilitation programs
Affordable Housing Bond
The Affordable Housing Bond is an investment to support and enrich the lives of residents with household incomes that are 30%, 50%, 60%, and 80% of AMI. The bond, totaling $80 million, will be spent in stages over the next five years. To learn more, please visit the links below:
