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221 East 11th Street, which has offices for Texas Department of Housing and Community Affairs. The Texas Department of Housing and Community Affairs ( TDHCA) is the state's lead agency responsible for homeownership, affordable rental housing, community and energy assistance programs, and colonia activities serving primarily low income Texans.
To be considered “affordable,” the person renting would have to be able to live there without spending more than 30% of their pre-tax income on housing. ... El Paso, Texas. 2024 average ...
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The report's key figure, the "Housing Wage," reveals the hourly earnings necessary for full-time workers to afford fair market rental homes without exceeding 30% of their incomes. Nationally, the 2023 Housing Wage is $28.58 per hour for a modest two-bedroom home and $23.67 per hour for a one-bedroom home.
In the United States [17] and Canada, [18] a commonly accepted guideline for housing affordability is a housing cost, including utilities, that does not exceed 30% of a household's gross income. [19] Some definitions include maintenance costs as part of housing costs. [20]
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