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1. What is affordable housing?

Affordable housing includes houses and multifamily options that are affordable to households with low and moderate incomes. In Edina, demand from teachers, caregivers and those in many other occupations far exceeds the available affordable homes. 

2. Who qualifies for affordable housing? What are the income limits?

Housing is considered affordable when a household does not spend more than 30 percent of its income on housing expenses.  

Affordable housing programs generally serve households with incomes at or below 60 percent of the Area Median Income (AMI) for rental housing or at or below 115 percent of AMI for owning a home.

Income Limits by Household Size (2022)

Household Size	50% of AMI	60% of AMI	115% of AMI
1 person	$41,100	$49,320	$94,530
2 people	$46,950	$56,340	$107,985
3 people	$52,800	$63,360	$121,440
4 people	$58,650	$70,380	$135,895
5 people	$63,350	$76,020	$145,705

3. What are the rent limits on affordable housing?

Maximum Gross Rents That Can Be Charged (2022)

Bedrooms	30% of AMI	50% of AMI	60% of AMI
Studio	$616	$1,027	$1,233
1 Bedroom	$660	$1,100	$1,320
2  Bedrooms	$792	$1,320	$1,584
3 Bedrooms	$915	$1,525	$1,830
4 Bedrooms	$1,020	$1,701	$2,041