What is the difference in the terms mixed income and affordable housing?
Affordable Housing: The ability of a person to afford to live near family, the workplace, services and other locations of importance to them without having to spend more than 30% of their income on housing. Mixed Income: Communities, developments and neighborhoods where there is a range of housing cost opportunities for different income levels. In a mixed income community, grandparents on a fixed income would be able to live in the same neighborhood as their grandchildren. While these two terms are frequently used interchangeably, they are not synonyms. A mixed income community provides affordable housing, but affordable housing can exist outside of mixed income communities. The term mixed use refers to a development that can include office space, residential and retail. It doesnt always mean the units are affordable.
