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What is affordable housing?
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Follow local news on TwitterWhile formulas vary, for the development that was proposed in Brooklyn Park, households with annual incomes of up to 50 percent of the area's median income would qualify for an affordable-housing unit. So households with maximum incomes of $27,500 (for a single) to $39,250 (four-person household) could qualify for a unit. As an eligibility example, the city cites a couple with one child, with an annual income of a school bus driver ($29,500) or a new Osseo district schoolteacher ($34,400).
Source: City of Brooklyn Park
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