Yes, think of it like this. Prices are super high. A house costs one dump truck full of money. The goal of a program like this is to create something that costs, say, half a dump truck of money instead of a whole dump truck. It's affordable, in a relative sense. Or less unaffordable if you prefer.

In normal circumstances (with prices that aren't super high), you wouldn't be able to call $610,000 affordable. But here, you can. So the bar is low. The label has loose criteria.