affordable housing

Syllable breakdown

Dictionary meaning

housing that costs no more than approximately thirty percent of a household's gross income, making it financially accessible to low and moderate income residents without requiring undue sacrifice of other necessities; the affordable housing crisis in many global cities results from a combination of population growth, restrictive zoning, speculative investment, financialisation of housing, and underinvestment in social housing; policy responses include inclusionary zoning requirements, public housing, housing vouchers, community land trusts, and liberalisation of density rules