“Affordable rent” means housing costs, rent, and utilities, at or below the maximum affordable gross rent, approximately 30 percent of 80 percent of area median income, for the area as determined by the U.S. Department of Housing and Urban Development (HUD) metropolitan or non-metropolitan fair market rent area to which the municipality belongs, as is established and updated annually by HUD.

Source. #14044, eff 8-8-24