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Pros And Cons Of Affordable Housing

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Affordable Housing

Social leased, moderate leased and intermediate housing are given to qualified families whose necessities are not met by the business sector (Communities and Local Government 2012). Qualification is resolved with respect to local incomes and local house prices. Reasonable should include provisions to stay at a moderate cost for future qualified families or for the subsidy to be reused for option reasonable housing provision. As characterized in area 80 of the Housing and Regeneration Act of 2008, social rented housing is owned by local authorities and private enlisted providers for which rule target rents are determined through the national rent regime. It might likewise be owned by different persons and provided under …show more content…

However, this project is faced with various challenges. According to Assad (n.d.), affordable housing provides low income families, senior citizens and persons with disabilities with minimal cost housing that meets security and building standards. A burdened individual, who could end up destitute or stay in a dangerous staying, similar to a denounced building, can opt to discover an affordable housing with a sensible rate (Assad n.d.). Home ownership can boost the esteem. After undergoing through difficult times, owning an affordable house is something a person must be proud of (Havekamp 2015). Also, home ownership increases the amount of care people have upon the property owned (Gordon 2004). However, one disadvatantage that affordable housing poses is that more and more people are being priced out of home ownership (Shelter 2015). This means that the rent of house increases and more people are competing for every single …show more content…

There should be a plan for a mix of housing based on current and future demographic trends, market trends and the needs of different groups in the community. Furthermore, there is a need to identify the size, type, tenure and range of housing that is required in particular locations, reflecting local demand and that there should be policies which are sufficiently flexible of the changing market conditions (Affordable housing Supplementary

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