Winnipesaukee Forum - View Single Post

John Mercier · 06-17-2023, 07:10 AM

''Affordable Housing'' is an industry term.

30% of median household income to pay for mortgage, taxes, and insurance.
Banking has been using this as a loan standard with a little variation for decades.

They also use it to figure rents.

06-17-2023, 07:10 AM	#37
John Mercier Senior Member Join Date: Jun 2021 Posts: 3,578 Thanks: 3 Thanked 637 Times in 524 Posts	''Affordable Housing'' is an industry term. 30% of median household income to pay for mortgage, taxes, and insurance. Banking has been using this as a loan standard with a little variation for decades. They also use it to figure rents.