Generally the term “affordable housing” means housing that is affordable to a household with low- and moderate-income, spending no more than 30% of household income on housing-related costs, including rent and utilities for a rented housing unit, or mortgage, taxes, insurance, and utilities for a homeowner.
For purposes of most housing subsidy programs funded or financed by the federal government, affordable means income levels that are at or below 60% or 80% of area median income (AMI) for a geographical area -- depending on the particular program. This income level varies by the size of the household. This is set annually by the U.S. Department of Housing and Urban Development (HUD).
The 2022 affordable household income levels for Barnstable County, by housing size, are set forth in a table included in the attached explanation
. “Community housing,” for which State Community Preservation Act funding can be expended qualifies for up to 100% of AMI.