A Housing Action Plan (HAP) is a plan that identifies strategies and implementing actions to promote greater housing diversity, affordability, and access to residents of all income levels in a community.
A Housing Needs Assessment (HNA) provides the quantitative data and analysis required to understand a community’s housing needs. The HNA serves as the foundation for policy recommendations and implementing actions contained in the HAP.
Understanding and addressing disparities across social groups to provide for equal access and opportunity.
Environmentally sustainable housing refers to housing that is designed in a way so as to be more energy efficient, use less water, etc.
Housing that costs no more than 30% of a household’s total, pre-tax income.
A household is considered “cost burdened” when it spends more than 30% of its total, pre-tax income on housing (including utility payments).
A household is considered “severely cost-burdened” when it spends more than 50% of its total, pre-tax income on housing (including utility payments).
The area median income (AMI) is the midpoint of a community’s income distribution, which means that 50% of the households in that community have a total, pre-tax income higher than the AMI and 50% of the households in the community have a total, pre-tax income lower than the AMI.
A household is considered to be a ‘low income household’ when its total, pre-tax income is less than 80% of the community’s AMI.
A household is considered to be a ‘very low income household’ when its total, pre-tax income is less than 50% of the community’s AMI.
A household is considered to be a ‘extremely low income household’ when its total, pre-tax income is less than 30% of the community’s AMI.
The average annual growth rate (AAGR) refers to the percent increase in population size per year.
Household tenure refers to the way in which an individual or a household occupies their home. For example, renting a home or owning a home.
The Low-Income Housing Tax Credit (LIHTC) program is a program designed to create affordable housing in communities across the United States. The LIHTC gives state and local agencies an annual budget to issue tax credits for the acquisition, rehabilitation, or new construction of rental housing targeted to lower-income households.
Income-restricted units refer to housing units in which there is a maximum rent or sale price cap to ensure that the housing unit is occupied by and affordable to eligible households.
Residential density refers to the number of dwelling units in a geographic area and is typically expressed in dwelling units per acre. A residential density of ten dwelling units per acre means ten individual dwelling units are allowed per one acre of land.
Households forced to move from their current residence due to circumstances outside of their control, such as a rent increase
If there is a term that you did not see listed above, please reach out to Eric Lane, firstname.lastname@example.org, and we will work to update our list accordingly.