News: March 23, 2007
Time for a Raise?
Affordable rent is in parentheses; it's calculated by multiplying
the median family income by .3 (as federal guidelines recommend
spending no-more than 30% of your income on housing), then diving
the number by 12 (as in 12 months). For Travis County, MFI in fiscal
year 2006 was $69,600, for a family of four.
(low-income defined by HUD)
MFI figures were calculated by city of Austin and not defined
directly by HUD.
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