Defining affordable housing
The Halifax Regional Municipality Charter defines affordable housing as “housing that meets the needs of a variety of households in the low to moderate income range”. The broad nature of this definition exemplifies how affordable housing encompasses a large range that can address deep affordability for our most vulnerable populations as well as a moderate affordability for our working population.
Core Housing Need is where housing meets one the following criteria:
- More than 30 per cent of low to moderate income households’ gross income is spent on housing. This includes the cost of mortgage/rent, monthly heat (includes gas, oil and electricity), water, and utilities.
- Housing does not meet minimum occupancy standards
- Housing does not meet the needs of the occupant (i.e. a family of 4 should not live in a one-bedroom apartment).