Housing affordability in Calgary

By examining specific income ranges for target-income households, The City can differentiate among households with: 1. Extremely Low Income – Households with a gross annual household income of less than $20,000 2. Very Low Income – Households with a gross annual household income of $20,000 to $29,999, and 3. Low Income – Households with a gross annual household income of $30,000 to $43,705, the to [...] RB-03 – Housing Affordability in Calgary Page 3 of 29 2.0 Renter Households in Calgary that are in Need of Affordable Housing Table 1 compares all renter households in Calgary to all renter households in The City’s three “low-income target groups” that are in need of affordable housing because they spend 30% or more of gross annual household income on shelter. [...] The three categories defined on page 2 are used to differentiate such households by income level: • Extremely Low Income – Gross annual household income of less than $20,000 • Very Low Income – Gross annual household income of $20,000 to $29,999, and • Low Income – Gross annual household income of $30,000 to $43,705, the top end of which is 65% of the median annual household income in Calgary for [...] Page 10 of 29 The City of Calgary, Community and Neighbourhood Services, Social Research Unit 3.0 Owner Households in Calgary that are in Need of Affordable Housing Table 7 compares all owner households in Calgary to all owner households in The City’s three “low-income target groups” that are in need of affordable housing because they spend 30% or more of gross annual household income on shelter. [...] Those with the next greatest need are two-parent families with children, who form 21% of “very low income” households in the primary needs group, followed by lone-parent families with children, with 17% of households in this group, and two-person families without children, with 16% of the total.