Affordable housing projects are initiatives designed to provide low-cost living options for individuals and families with limited financial resources. These projects often include apartments, townhouses, or single-family homes that are built or renovated to meet specific price limits, ensuring that housing costs do not exceed a certain percentage of a household's income. Governments, non-profit organizations, and private developers often collaborate to create these projects, utilizing funding sources such as grants, tax credits, and subsidies. The goal is to increase access to safe and stable housing, helping to reduce homelessness and improve community well-being.