Gourt > Business > Real Estate > Residential > Affordable Housing (3)
Affordable housing is a dwelling where the total housing costs are affordable to those living in that housing unit. In the United States, a commonly accepted guideline for housing affordability is a housing cost that does not exceed 30% of a household's gross income. Housing costs considered in this guideline generally include taxes and insurance for owners, and sometimes include utility costs. When the monthly carrying costs of a home exceeds 30-35% of household income, then the housing is considered unaffordable for that household.
Where the demand for available housing exceeds supply, a large amount of the housing stock is not affordable to much of the population. Demand can be measured in terms of the costs for housing, housing type (such as apartments vs. single-family homes, or the size and configuration of units, including number of bedrooms) and location for housing (relative to commercial/employment centers, transportation infrastructure, schools and other community resources.) Such areas commonly experience income growth for middle and working class households at rates lower than the rates at which property values rise. These same areas also tend to have a limited supply of land on which new housing can be built, or an array of statutes that make it difficult or costly to generate expanded supply. The most "affordable" places in the U.S. are where there is the least demand and an adequate supply. Comprehensive data for the most affordable and least affordable places in the U.S. is published each year by an affordable housing non-profit organization, the National Low Income Housing Coalition.
Consequences of affordable housing shortages
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Affordable and Low Income Housing :: Housing
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Company LLP - Current industry news, information, and resources.
Meta Description: [ Novogradac & Company LLP is a national certified public accounting and consulting firm.
The firm's clients represent a broad range of industries, with a major emphasis in the real estate sector. It provides
publicly and privately held national enterprises with a full spectrum of audit, tax, v... ]
Rehabilitation Association - Provides in-depth information on various affordable housing issues including the Low-Income Housing Tax Credit (LIHTC), historic preservation, multifamily housing finance, HUD and FHA programs, and public housing redevelopment.
CHAIN of MN - A Minnesota affordable housing guide including homeownership information and a rental classifieds service.
Enterprise Foundation - Supports community-based nonprofits creating homes affordable to low-income Americans. Features funding applications and timelines, resource database, a forum and other developer support, all searchable.
Fannie Mae - Fannie Mae provides financial products and services that increase the availability and affordability of housing for low-, moderate- and middle-income Americans.
Housing Assistance Council (HAC) - Helps local organizations in rural America build affordable homes. Includes information about loans, technical assistance, training, links, publications and relevant articles.
Housing Finance Associates LLC - Provider of strategic consulting, acquisition, development and financing services to the affordable housing industry. Features services, clients, case studies. Based in Orlando, FL.
HousingFinance.com - Publisher of books and magazines for professionals in the affordable housing industry.
Meta Description: [ News, information and analysis regarding apartment development, finance and management. News, information and analysis regarding affordable housing development, finance and management. ]
HUD User - Contains valuable statistics for those interested in financing, developing, or managing affordable housing, including HUD-mandated rent and income levels for assisted housing programs (Low Income Housing Tax Credit, Section 8 and other) and Fair Market Rents.
Meta Description: [ HUD USER is your gateway to current written research and analytic tools produced by and for HUD's Office of Policy Development & Research (PD&R). ]
Knowledgeplex - News feeds, discussion forums, listserv and searchable index of publications related to low income housing. Site is sponsored by the Fannie Mae Foundation.
Meta Description: [
A comprehensive news and information resource for the affordable housing and community development field. Powered by Fannie Mae Foundation. ]
Mark-to-Market Program--an overview - Overview of the Mark-to-Market program, including eligbility, the program's process, and links to sites of interest.
Meta Description: [ Overview of the Mark-to-Market program ]
National Center for Housing Management (NHCM) - Provides management improvement services including compliance and performance education, technical support and consulting to professionals in the affordable housing industry and military housing.
Meta Description: [ The National Center for Housing Management - Worldwide Leaders in Certification and Training in the Housing Industry ]
National Council of State Housing Agencies (NCSHA) - Nonprofit organization increases housing opportunities for lower income and underserved people through the financing, development, and preservation of affordable housing. Links to each State Housing Finance Agency.
Meta Description: [ The National Council of State Housing Agencies (NCSHA) is a national, nonprofit organization created by the nation's state housing finance agencies to assist them in increasing housing opportunities for lower income and underserved people through the financing, development, and preservation of af... ]
National Housing Trust (NHT) - Nonprofit organization formed to preserve and improve affordable multifamily homes for low and moderate income use. Includes information on technical assistance, training, public policy, and staff.
Meta Description: [ The National Housing Trust preserves and revitalizes affordable
apartments to better the quality of life for the families and elderly who live
there. We believe preserving and safeguarding existing affordable homes is the
essential first step in solving our nation's housing dilemma>
Office of Multifamily Housing Assistance Restructuring - Official site of the Mark-to-Market program, including a list of all Participating Administrative Entities, updated weekly, and other key program information and procedures.
The Affordable Housing Institute - Works worldwide to bring together best practices, technical assistance, property solutions, information sharing, and leadership on affordable housing. Based in Boston.
The Danter Company - Basic information on the Low-Income Housing Tax Credit Program, including statistics and a database of current program maximum incomes and rents.
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