The City of Fullerton and the Fullerton Redevelopment Agency provide assistance from time to time to private developers so that they create apartments with rents affordable to income-qualified working individuals and families, senior citizens, students, and people with disabilities or special needs. This assistance has resulted in approximately 450 units of newly constructed, remodeled, and/or converted affordable units. Housing Policy Review What is "Affordable"?The definition of "affordable" is based on a formula that requires that enough income, after paying rent, be left over for other necessities like food, clothing, health care, transportation, and education. Generally, "affordable" means not paying more than 30% of a household's income on rent. Does "Affordable" mean lower quality?The City's goal is to meet or exceed traditional construction quality standards, by requiring that developers use the most durable materials to insure that the properties remain in good condition for 55 years or longer. More Information |
