How does housing impact economic opportunity?
Where we live affects our health, our budgets, our access to opportunity, and our quality of life. Without safe, adequate, affordable housing, individuals face serious challenges in meeting other needs related to health, nutrition, transportation, employment, and education. Traditionally, housing has been considered to be “affordable” if it costs 30% or less of a household’s income. New benchmarks for affordability suggest that households should pay no more than 45% of their total income on the combined costs of housing and transportation.