LFC Comments by Brian Massie, Executive Director

We have mentioned the Housing Affordability Threshold, where a home is considered unaffordable if a taxpayer pays 30% or more of their annual income on utilities, mortgage, and property taxes (utilities and rent for renters). In this chart, it is referred to as “housing burdened”.

“Spending that much on housing leaves little for other expenses.”

Clicking on “Find your Neighborhood” will bring you to a page that will allow a search of the 17 Cleveland neighborhoods. Here is a sample: Note that 50% of the people exceed their “HAT %”.

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