Affordable housing
new page, suggested by Sam Moss, Fay Darmawi.
The term affordable housing is used to categorize the degree to which people can afford to rent or buy housing. The metric often applied is whether housing is affordable for those residents who have median household incomes, as per their location. A common guideline for considering market rate housing affordable is if residents spend thirty percent or less of their gross income on housing. While traditional perspectives on affordable housing have focused on income to housing cost ratios alone, a transit-oriented view has been gaining in popularity among those focused on housing affordability. The latter view shifts emphasis from simply creating "cheap" housing to addressing the holistic needs of low and moderate income residents by locating inexpensive housing near employment centers, transit (dependable bus, busways, street cars, light and heavy rail commuter service and subways) and essential services.
Wikipedia: "Affordable Housing" ("This article has multiple issues. Please help..)
Outline of Article
- Different definitions of "affordable housing"
- Regulated Affordable Housing (LIHTC, Section 8, &c)
- Market rate housing that's affordable for everyone in a community
- 30% of gross income
- Transportation costs and housing
- Increasing the availability of affordable housing
- Policy options for creating more affordable housing (inclusionary zoning, housing subsidies e.g. Section 8 housing vouchers, low income housing tax credits, etc.)
- Community land trusts
- Over crowding
- Build more
- Increase incomes
References
Haughey, R. and Ryan Sherriff. (2010). Challenges and Policy Options for Creating and Preserving Affordable Housing near Transit and in
Other Location-Efficient Areas. Retrieved from Urban Institute.
Thadani, D. (2010). The Language of Towns and Cities: A Visual Dictionary. New York: Rizzoli.