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The 2018 median home price in Silicon Valley was $1.18 million, a 21% increase from 2017. [3] Almost 90% of low income renters in the San Jose-Sunnyvale-Santa Clara metro area were cost burdened in 2017, meaning they spent more than 30% of their income on housing. [4] Over a third of mid-income renters were cost burdened as well. [4]
Non-profit housing is owned and managed by private non-profit groups such as churches, ethnocultural communities or by governments. Many units are provided by community development corporations (CDCs). They use private funding and government subsidies to support a rent-geared-towards-income program for low-income tenants. [7] [8] [clarification ...
'Glenmoor Gardens' is a neighborhood of nearly 1,900 homes in central Fremont, California and is Fremont's largest subdivision. The neighborhood is bounded, approximately, by I-880 on the west, Mowry Avenue to the south, Central Avenue to the north, and Fremont Boulevard on the east.
For comparison, in Fremont, Calif. and San Diego, Calif., home prices are almost 23 times the average young person’s household income. Detroit also has one of the highest homeownership rates ...
The definition of affordable housing may change depending on the country and context. For example, in Australia, the National Affordable Housing Summit Group developed their definition of affordable housing as housing that is "...reasonably adequate in standard and location for lower or middle income households and does not cost so much that a household is unlikely to be able to meet other ...
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