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The concept of “affordable housing” has been a major focus of government initiatives, particularly in Washington. Many people, especially those earning minimum wage, find themselves questioning what exactly falls under this definition of affordability. The reality seems to be that the term “affordable” does not necessarily equate to being within the financial reach of everyone.
Answers from Social Media
A discussion on Reddit provides some insights into this issue. One user shared a link to the city’s definition of affordable, which is based on the Area Median Income (AMI) rather than actual wages. For instance, in Seattle, the AMI for a single person is approximately $110,000. Therefore, housing that is “affordable at 60% AMI” would be aimed at individuals earning around $66,000 per year…