Lodging Houses in Boston - a Different Approach

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Another figure HUD uses is very low income which is 50 percent of median income. This figure amounts to $8,000 annually. Using the previously mentioned model and substituting the low-income level and the very low income level, we get a scenario in keeping with the lodging house population. At the 80% level, we see $320 per month of household costs at 30% of income for housing. The 50% level yields $200 per month of household costs at 30% income for housing. In our analysis * This market analysi...s is based on a model for market rent apartments developed by Kirk McClure of the BRA's Research Department which shows a project feasibility analysis in light of proposed changes in the tax code. His chapter titled "Analysis of Recently Proposed Changes in the Tax Laws" shows the effect this legislation will have on the market rent of setting aside 25 percent of the units in a development for house- holds at or below the- median income level. Memorandum to Alex Ganz and Jacob Schaffer from Kirk McClure, January 6, 1986.

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