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TUA is selected as one of the “Next 95”, by the Sustainable Business Network

What is "Affordable Housing"?
Wednesday
18
September 2024

There are a variety of definitions given to affordable housing, typically, it can be defined as low to middle income households spending no more than 30% of their gross income on rent or mortgage costs and other essential household costs. This is generally accepted standard definition of affordable housing based around income, however appropriate tenure (assisted rental, shared equity etc) is as important as price point.

New Zealand is undergoing a period of unprecedented social and environmental change. Our urban centres are pressured by increasing population growth, demand for intensification and higher density urban development. Also, our society is increasingly multicultural, with diverging and diversifying household norms.