Sources & Definitions

Glossary of key terms and citations supporting the Act.

Glossary

Housing is generally considered affordable when a household spends no more than 30% of gross income on housing costs.

The natural person(s) who ultimately own or control an entity, regardless of legal structure or intermediary entities.

An approach that adjusts admission levels based on housing availability, wage trends, and labor market conditions.

For purposes of this Act, individuals who are neither U.S. citizens nor lawful permanent residents (Green Card holders).

Entities that acquire residential properties at scale as financial assets, typically managing portfolios of 100+ homes.

A person who owns and resides in a property as their primary residence.

A non-citizen who has been granted lawful permanent resident status (Green Card holder) with authorization to live and work in the U.S. indefinitely.

The minimum price at which housing will be sold, which can be established by investors making cash offers above market rates.