Be in Your Budget with Behold

You need a home. But you also need food, clothing and other necessities that also cost money. Behold bases affordability on your income, ensuring you can make the most of your budget.

How does Behold calculate affordability?

For Rentals:

Here we use the Center for Neighborhood Technology’s Housing and Transportation Affordability Index to determine the percentage of income deemed to be affordable. The amount is typically a shade less than 30 percent of household income – Link: http://htaindex.cnt.org/

For Home Ownership

Here we go to the House Affordability Calculator - Link: http://www.free-online-calculator-use.com/house-affordability-calculator.html to enter your information. The calculation gives us a starting point for discussion.

What is housing affordability?

Housing to Behold makes housing affordable by working with the tenant, other agencies, businesses, investors and government entities to strike a fair balance that accommodates a particular budget. We also use a formula that goes beyond the traditional housing affordability measures.

Traditionally, housing affordability refers to a cost that does not exceed 30 percent of a household’s gross income. Income may come from supportive agencies, stipends, supports or entities.

Traditional measures of housing affordability, however, ignore transportation costs. Typically a household’s second-largest expenditure, transportation costs are largely based on the characteristics of the neighborhood in which a household chooses to live.

Location matters. Compact and dynamic neighborhoods with walkable streets and readily available access to jobs, transit, and a wide variety of businesses are more efficient, affordable and sustainable.

The market rent or purchase price of our apartments and homes is calculated using the average monthly housing and transportation cost on the Housing and Transportation Affordability Index and as well as other factors.