Question
How is “affordable housing” defined in the challenge?
Answer
Image
![An apartment block of brownstone homes in New York](/sites/default/files/styles/scaled_lg/public/2023-01/habc-dsc00671.jpg?itok=MHomwFEr)
We will consider proposals whose innovation serves a majority (greater than 51%) of residents at these income levels:
- Rental: 80% AMI or below
- Homeownership: 120% AMI or below