20 key terms in the affordable housing discussion.
In a piece for Multi-Housing News, Jason Soifer defines 20 key terms related to affordable housing. “Understanding key phrases and acronyms related to affordable housing is essential for clear communication among policymakers, developers, funders, construction professionals, design professionals, and current and potential residents.”
The terms range from accessory dwelling unit (ADU) to deferred development fee to upzoning and provide a concise glossary of some of the most relevant terms in the housing debate today. “By embracing a culture of continuous learning and dialogue, stakeholders can navigate complexities, foster inclusivity, and drive meaningful change in affordable housing provision.”
Other key terms include:
- NOAH (Naturally Occurring Affordable Housing): Existing housing units that are affordable to low and moderate income households without government subsidies.
- PSH (Permanent Supportive Housing): Affordable housing combined with support services including mental health case and substance issues management for individuals transitioning from homelessness or instability.
- Workforce Housing: Affordable housing for moderate-income individuals and families who struggle with market-rate housing costs and housing in proximity to where they work.
FULL STORY: 20 Must-Know Affordable Housing Terms
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