According to the Economic Times (part of the India Times group), Affordable Housing “refers to housing units that are affordable by that section of society whose income is below the median household income.

Description: Though different countries have different definitions for affordable housing, it is largely the same i.e. it should address the housing needs of the lower to middle income households. Affordable housing becomes a key issue especially in developing nations[mfn]does Findhorn Ecovillage belong?[/mfn] where a majority of the population isn’t able to buy houses at the market price. Disposable income of the people remains the primary factor in determining the affordability. As a result, it becomes the increased responsibility of the government[mfn]or charities like PET, working in the name of the Park Ecovillage, Findhornto benefit the whole Ecovillage–which is why we need your (moral+financial) support to build many more/only such units[/mfn] to cater to the rising demand for affordable housing.”

Working to keep your head above water, or…?

What are some macro advantages of low rent economies? High housing prices can slow down a local economy, leaving jobs unfilled and less spending power in a community. But, when affordable housing is readily available, more opportunities become available for people at all income levels. More money is available for spending in a community, and long-term change can begin to take root.

What are some micro advantages of low rent life? A stable, affordable home is the foundation for everything else. It gives children&adults the chance to establish healthy habits and focus on their goals and continuous education. Generationally, this has massive impacts on educational achievement, economic output, and creating opportunities for all residents to give back creatively to their communities–it’s really all about short-term vs. long-term planning. Economic freedom lets you invest in your future by doing things now that may make less money, but that will eventually make you more. Hugely important is the ensuing peace of mind, the ability to focus on what(ever) really, truly matters to you, a simplified life, and simply more money being available for the fun stuff!