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Increase the supply of housing in AmericaSection 208 › Proposal

Attainable housing is defined by two income tests

To increase the supply of housing in America, and for other purposes, section 208, Sec. 208. Written by .

Attainable housing is defined by two income tests

The document says “meansWho acts: CongressHow: statuteSec. 208 in the PDF
What the document says

“The term ``attainable housing'' means housing that serves households earning not more than 120 percent of the area median income, if the majority of the housing units are affordable to households earning not more than 60 percent of the area median income.”

To increase the supply of housing in America, and for other purposes, Sec. 208

The section defines attainable housing as housing serving households earning no more than 120 percent of area median income, provided that most of the units are affordable to households earning no more than 60 percent of area median income.

What the document actually says

“The term ``attainable housing'' means housing that serves households earning not more than 120 percent of the area median income, if the majority of the housing units are affordable to households earning not more than 60 percent of the area median income.”

To increase the supply of housing in America, and for other purposes, Sec. 208
That sentence, in plain words

The homes serve people who earn up to 120 percent of the middle income for the area. Most of the homes must also fit people who earn 60 percent of it or less.

What this is about

The middle income where a person lives is the yardstick. Two tests must both be met. One covers the whole building, one covers most of its homes.

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