What Does Affordable Housing Actually Look Like?
Understanding affordable housing can be complex, as it encompasses various definitions and criteria depending on the region and economic conditions. In Santa Barbara, affordable housing refers to residential units that are priced to be accessible to households earning a certain percentage of the area median income (AMI). Typically, these homes are intended for individuals or families earning between 30% and 120% of the AMI, making housing costs manageable relative to their income. The goal is to ensure that essential workers, low- to moderate-income families, and others can afford to live in the community where they work.
“We see day in and day out the people that come to us that are not just low income, but moderate income that need housing”
