If you’re struggling to afford a home, you’re not alone. In the past five years, home prices have risen by over 60% due to increased demand and a shortage of homes. Rent prices have also increased dramatically year over year — an average of over 8% since 1980 — and recently increased by 20% in 2021. Affordable housing is thought of as a solution, but what is it?
Read on to learn about affordable housing, including definitions, history, and how the government manages dozens of policies and programs.
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