Affordable housing is rental or ownership housing that requires government money to build or operate. Affordable housing has rents or payments below average market cost. It is targeted for long-term occupancy by households that earn less than median income for their household size and are below a maximum income threshold set by the City of Edmonton.
Most affordable housing is provided in multi-unit residential structures, including apartment units, row housing, triplexes and duplexes. The term affordable housing encompasses supportive housing, deep subsidy rental housing, near-market rental housing, and mixed-market housing.
