Affordable Housing

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Affordable housing is rental accommodation offered at below-market rates to help people access quality housing that is within reach of their household income. Affordable rental homes are often delivered by registered Community Housing Providers (CHPs) like Home in Place, charitable organisations, local councils, and iwi. 

Affordable housing is generally intended for households that may not qualify for social housing but still face challenges securing suitable accommodation in the private rental market. Affordable housing is generally intended for low-to-moderate income households who can sustain a tenancy independently but may be priced out of the private rental market. Eligibility and rent-setting policies are usually determined by the individual housing provider. 

Affordable housing provides quality homes at rents lower than typical market rates; greater housing security and stability; options for working individuals, families, older people, and key workers; and a stepping stone between social housing and private-market renting or home ownership.