Affordable housing is typically defined as a housing unit whose cost does not exceed 30 percent of the occupant’s household income. What does affordable housing do? Cost-burdened families are left with little cash available for other basic necessities of life such as food, transportation and healthcare. The financial pressure filters down into all areas of life. Studies have shown that affordable housing can greatly improve the quality of life and provide Household Stability, Economic Security, Improved Educational and Health Outcomes, and Enhanced Neighborhood Quality.
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