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The number of Colorado households with the lowest incomes is roughly double the number of affordable rental units in the state, according to a report released Thursday.
The report by the state Department of Local Affairs’ Division of Housing defines units as affordable if a household doesn’t have to spend more than 30 percent of its monthly income on rent. So, a household earning $20,000 a year could afford a monthly rent of $500.
By that standard, there are 49 affordable rental units for every 100 households earning $20,000 or less per year, the report said.
