Affordable Housing vs. Market Rate: Knowing the Difference in Price and Eligibility
What makes affordable housing, well, affordable? There are frequent misconceptions that affordable housing is inexpensive because it is built with less expensive materials or it is placed in low-income, outdated areas. However, affordable does not mean cheap, especially when it comes to Nevada HAND’s 34 communities in Southern Nevada. To better explain how our organization prices units and establishes income requirements, we thought we would define some key housing terms