Affordable housing refers to residential units that are priced so that individuals and families can comfortably pay for them without sacrificing other essential needs. Typically, this means that housing costs should not exceed 30% of a household's income. Affordable housing can include various types of dwellings, such as apartments, townhouses, and single-family homes.
Governments and organizations often work together to create and maintain affordable housing options. This can involve subsidies, tax incentives, or the development of public housing projects. The goal is to ensure that everyone has access to safe and stable living conditions, contributing to overall community well-being and economic stability.