It’s no secret that Denton needs affordable housing for the nearly half of Denton households that are low-income, according to a presentation from city staff last week.
The city’s affordable housing needs were previously identified in a January 2021 affordable housing study. At the time, it reported that rent had increased 23% in the past five years, outpacing the median housing income growth of 17% and illustrating a growing need for affordable housing.
That study found that renters who earn less than 50% of the area median income (AMI), which was $43,110, and a portion of owners (particularly first-time buyers) who earn less than 80% of the AMI ($68,976) found it difficult to afford most housing in Denton without assistance…