Affordable housing refers to residential units that are economically accessible to individuals or families with low to moderate incomes, ensuring that they spend no more than 30% of their income on housing costs. This concept is crucial in promoting social equity and community stability, particularly in urban areas where housing prices can escalate due to demand and gentrification. Affordable housing plays a significant role in infill development and redevelopment by integrating these units into existing neighborhoods, contributing to a diverse and sustainable community fabric.
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