SAVI Reports | Page 10

Figure 2 . Extreme Cost Burden ( 2014 )
Source : Census . gov
Cost-burden is a reality that many families face throughout Indianapolis and Marion County . It is not limited to the old city limits , Center Township , or other areas in which the city has traditionally directed its housing subsidies ( see Figure 3 , page 7 ). To some degree , this is a reflection of a national trend toward a geographic dispersion of poverty and housing concerns to areas where there are fewer institutions to provide needed support and services 4
Subsidized housing refers to any home that has a government subsidy benefiting the developer , owner , tenant , or other party with financial interest in the housing unit . 4 These subsidies are generally derived from federal resources provided to state and local governments , public housing authorities , and other entities to support the development and availability of affordable housing for low- and moderateincome families .
Low- and moderate-income families are defined as those earning less than 80 percent and 120 percent of area median income ($ 53,360 and $ 80,400 , respectively , for the Indianapolis-Carmel MSA in FY2016 ).
4 There is a wide recognition in the housing and economics literature that the mortgage interest deduction is a
form of subsidy from which homeowners benefit . Because it is a subsidy administered through the tax code rather than a subsidy administered through state and local government , the mortgage interest deduction is not included in the discussion of housing subsidies throughout this report .
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