Affordable Housing
Across Texas, the need for affordable housing is growing every day. Despite increasing costs of living, wages are only keeping pace with inflation at a much slower rate – leading to almost half of Texans spending more than 30% of their household income on shelter alone! Current policies, unfortunately, don’t go far enough to bridge this gap; out of 100 Extremely Low-Income renters (defined as individuals earning ≤30% Area Median Household Income), there are just 30 units available per capita according to the National Low-Income Housing Coalition 2018 Gap Report. With these disparities in mind – it’s never been clearer that we must work together towards an answer and provide safe, secure homes for our fellow neighbors who most desperately require them.
What Is AMI?
Knowing your area’s median income can give you valuable insight into the financial health of a region. It is often referred to as either “A-M-I” or Median Family Income (MFI) and indicates which households are classified in the ‘middle’ range economically. Looking at this key figure allows for an understanding of how various communities compare financially, making it easier than ever before to uncover important information about any locality.
North Texas AMI
Family Size |
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 |
AMI | $81,816 | $93,504 | $105,192 | $116,880 | $126,230 | $135,580 | $144,931 | $154,281 | $163,632 |