Housing + Transportation Affordability Index = (no more than) 45% of your income
Housing + Transportation Affordability Index = (no more than) 45% of your income
Rebecca Williams
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Sun May 16, 2010 @ 05:31AM
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30% of your income has been federally regarded as the maximum amount one should spend on (affordable) housing; anything greater is unaffordable.
The Center for Neighborhood Technology had done just that through research, dubbed "H+T Affordability Index"that shows that "the combined cost of housing and transportation shouldn't exceed 45 percent of your income."
See: Feds Begin Redefining 'Affordable Housing' to Include Transport Costs
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