Definition

This information tracks the number of affordable housing units within Town boundaries. Affordable housing units are defined as affordable (for sale or rent) to extremely low, very low, low, or moderate-income households

The Federal and State housing agencies set affordability standards based on the area median income (AMI) of a City, Town or County, as follows:

• Extremely low income: 0-30% of AMI
• Very low income: 30%- 50% of AMI
• Low income: 50% to 80% of AMI
• Moderate income: 80% to 120% of AMI

The Town of Truckee uses the annually adjusted AMI levels for Nevada County.