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Affordable Housing

What Is Affordable Housing?

Affordable housing is a term used to describe housing that is financially within reach for individuals and families with low to moderate incomes.  Affordable housing makes it possible for people to have a stable place to live while also having sufficient funds for other basic needs like food, transportation, and healthcare. Sonder Point is an age restricted affordable housing community with resident age and income criteria. One household member must be at least 50 years of age. The minimum annual household income is 2.5 times the annual rent. The maximum household income is limited according to the affordable housing program with 60% area median income (AMI) levels adjusted by the number of household members. Our community accepts housing vouchers but is not part of the project based Section 8 program where rent is determined by household income.