### Question
Can you define what high housing cost area means?


### Answer
**High housing cost area** is defined as the following in *26 U.S.C. § 143*:

> any statistical area for which the housing cost/income ratio is greater than 1.2

#### Citation:
  - *26 U.S.C. § 143*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter B-Computation of Taxable Income > PART IV-TAX EXEMPTION REQUIREMENTS FOR STATE AND LOCAL BONDS > Subpart A-Private Activity Bonds**

