Workforce Housing: ‍

Housing designed for households within the state

of Nevada that have a total monthly gross household income that is

greater than or equal to 60%, but less than 120% of the area median

household income (AMI).

Using Mesquite's Median Income of approximately $60,972, the 60%

to 120% AMI bracket is $36,583 to $73,166. And if households

within this bracket spend no more than 30% of their monthly income on

housing and utilities, they can afford to spend $914 to $1,829 per

month respectively.

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Affordable Housing:‍

Affordable housing is what somebody making less than 60% of AMI

can afford spending no more than 30% of their monthly income. 

Housing for this income group usually has to be subsidized.

a. Extremely Low (30%) Area Median Income (family of 4) –

$20,709 Mesquite

b. Very Low (50%) Area Median Income (family of 4) – $30,486

Mesquite

c. Low (80%) Area Median Income (family of 4) – $48,777 Mesquite

Market Rate Housing is a term used to define housing generated by the

real estate market without direct subsidy. The price the market sets for

housing, even without subsidies, is a direct outcome of policies and

practices of planning.

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