I’m not surprised that someone already touched on this subject in a comment on a previous post concerning housing in Lake Highlands.
For me, this was the most surprising definition in our April cover story. In Dallas, we have city-funded programs that provide some degree of subsidy for households with up to 140 percent of the area’s median income, which is $64,800 in 2008.
That means you can have a combined household income of just under $90,720 and still be eligible for financial support from the city, if my math is correct.
That’s only, of course, if you live in one of the mixed income housing developments that includes units designated as affordable housing. The Park Lane development at Park and Central Expressway will include some of these units, as will the Town Center.
“City of Dallas affordable housing programs have a broad goal of helping to provide a supply of housing that is affordable to households within the middle to lower income groups,” says Theresa O’Donnell, the city’s development director. In one of the story’s breakouts, O’Donnell made clear that the term "affordable housing" is "not intended to be associated only with indigent households."