City of Irving Housing Plan |
Housing – it affects your health, financial situation and even your commutes to work and school. The City of Irving needs your help to develop a plan that will provide a 20-year roadmap to help guide its actions that affect the availability, affordability and quality of housing. The roadmap will help inform decisions about the city’s housing assistance programs, planning and zoning, investments into parks, libraries, streets and water systems, as well as other budget items.
Please provide your feedback in the survey below.
Notes: This survey uses the term “affordable housing” to mean a housing unit where the required rental or mortgage payment is no more than 30% of a household’s monthly income. In the City of Irving, the median annual household income is $64,868.
This survey also uses the term "working class" to refer to households that earn less than 80% of the city's median annual household income of $64,868, meaning that these "working class" households earn less than $51,894 per year.
This survey also uses the term "working class" to refer to households that earn less than 80% of the city's median annual household income of $64,868, meaning that these "working class" households earn less than $51,894 per year.
Example: The Smith family's annual household income is $64,868 per year. They should spend no more than 30% of their annual income on housing and related expenses: principal, interest, property taxes and insurance.
- What is the maximum amount the household should spend per year on housing expenses?
- $64,868 x 30% (.3) = $19,460 per year on housing and related expenses.
- What is the maximum amount the household should spend per month on housing expenses?
- $19,460 / 12 = $1,621 per month on housing and related expenses.