What Is Affordable Housing?
Affordable housing is housing which is deemed affordable to those with a household income at or below the median as rated by the national government or a local government by a recognized housing affordability index. Most of the literature on affordable housing refers to mortgages and a number of forms that exist along a continuum – from emergency homeless shelters, to transitional housing, to non-market rental (also known as social or subsidized housing), to formal and informal rental, indigenous housing, and ending with affordable home ownership.
Affordable housing and public policy
Policy makers at all levels – global, national, regional, municipal, community associations – are attempting to respond to the issue of affordable housing, a highly complex crisis of global proportions, with a myriad of policy instruments. These responses range from stop-gap financing tools to long-term intergovernmental infrastructural changes. There has been an increase among policy makers in affordable housing as the price of housing has increased dramatically creating a crisis in affordable housing. Additionally, the process of weighing the impacts of locating affordable housing is quite contentious and may have race and class implications.
Affordable housing policy has political, philosophical, and ethical elements. In the simplest of terms, affordability of housing refers to the amount of capital one has available in relation to the price of the goods to be obtained. Public policies are informed by underlying assumptions about the nature of housing itself. Is housing a basic need, a right, an entitlement, or a public good? Or is just another household-level consumer choice, a commodity or an investment within the free market system.
Affordable Housing and Sustainability
A new subsection of affordable housing has emerged: sustainable affordable housing. Many researchers have contributed to this subsection, discovering innovative methods to make affordable housing less environmentally detrimental. One method emphasized is creating disaster-resistant affordable housing units to reduce the impact of climate change-related natural disasters. This method includes using weather-resistant housing materials and placing affordable housing units in disaster-resistant geographical locations. Another method is creating new standards for affordable housing developments such as energy efficiency and location efficiency.
What is average rent in Accra Ghana?
Monthly rents are typically as low as 50 cedis per month to as high as 20,000 per month. So, depending on one’s budget and housing preferences, Accra caters for your needs. One may have to live far from central Accra though. Usually, in slum neighbourhoods, rents of kiosks are about 50 cedis per month
Below Are Some Listed Price Of Affordable Housing In Ghana?
It ranges from 1 bedroom, 2 bedroom and 3 bedroom apartments which are estimated to house over 1000 people.
There have been issues raised about the prices of the affordable housing apartments which stand at GHS 99,000 – GHS 142,500 for a 1 bedroom apartment. GHS 182,500 for a 2 bedroom apartment and GHS 335,000 for a 3 bedroom apartment.
Where To Locate Some Of The Affordable Housing In Ghana?
Asokore Mampong Housing Project
Amasaman Housing Project
Gbestile Housing Project
Shai Hills Housing Project
Kpone Housing Project
Borteyman Housing Project
Saglemi Housing Project
Appolonia Housing Project