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Notes -
Strictly speaking, 30% of income. Practically? Keeping in mind that everything is relative?
Multifamily units. Doesn't have to be run as Section 8, doesn't even have to be advertised as budget. So long as it's not specifically angling for "luxury" apartments, it probably counts.
"Affordable" usually implies they're being measured against 1) legacy, gentrified neighborhoods or 2) suburban housing. Both are pretty tightly constrained on supply. A lot's worth of mediocre apartments is going to be more "affordable" than that same lot turned into 2 bedroom houses.
This conversation is loudest in housing-starved cities like the Bay Area. Not coincidentally, California also allows certain developments to bypass normal red tape.
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