Facts of the Week

Fact of the Week: Millions of Extremely Low Income Households Cost-Burdened

“Cost Burden” means spending more than 30% of income on housing and utilities.  “Severe Cost Burden” means spending more than 50% of income on housing and utilities.  “Extremely Low Income” = at or below 30% of AMI or the poverty rate; “Very Low Income” = 31% to 50% of AMI; “Low Income…