09/24/2026
What does "affordable housing" actually mean?
HUD generally considers housing affordable when a household spends no more than 30% of its income on housing costs, including utilities. Income-restricted homes use programs like the Housing Tax Credit to keep rents within reach. Here's how it works:
- Eligibility is based on household size and total household income, compared to the Area Median Income (AMI)
- HUD updates income limits every year, so the numbers can change
- Depending on the program, rent is either capped at a set amount tied to AMI or based on a share of the household's income
Every Palladium community is professionally managed and well maintained, no matter the rent.
Wondering if you qualify? Reach out to our leasing team. They can walk you through this year's income limits and answer any questions.
