Balancing trade-offs between the quantity, quality, and location of affordable housing overview
- Within a single jurisdiction or local housing market, the cost of developing affordable housing is driven by a range of factors. Chief among them are the quality and the location of the proposed development.
- High-quality affordable housing includes characteristics and amenities that increase its durability and attractiveness relative to lower-quality units, but these features often come at a greater up-front cost.
- Affordable housing in safe neighborhoods close to transit, jobs, and high-quality schools may provide more benefit to residents relative to housing in other areas, but the cost of land will likely be significantly higher.