Housing Affordability
Definition
The relationship between housing costs and household income, measuring the ability of residents to afford adequate housing.
Purpose
Ensure housing is accessible to different income levels within a community.
Examples of Use
- Analyzing housing cost burdens.
- Developing affordable housing policies.
- Creating housing assistance programs.
- Implementing rent control measures.
- Promoting mixed-income developments.
Related Terms
- Affordable Housing
- Mixed-Income Housing
- Housing Policy
- Social Equity
- Community Stability
Notes
Housing affordability is crucial for social equity and community stability, ensuring diverse and inclusive urban environments.
