Affordable housing refers to residential units that are financially accessible to individuals and families, particularly those with low to moderate incomes. The term is often used to denote housing options that cost no more than a certain percentage of a household’s income, typically around 30%. Affordable housing can take various forms, including public housing, subsidized housing, and income-restricted housing, and it aims to ensure that everyone has access to safe and adequate living conditions without excessive financial strain. This concept is crucial for addressing homelessness, housing insecurity, and socio-economic disparities within communities. Affordable housing initiatives can involve government policies, nonprofit programs, and private sector developments that work together to provide adequate housing options for those in need.
NSW and Queensland face pressure to finalize public school funding deals, as no NSW public school meets the minimum funding standard. The Australia Institute highlights wealth inequality, indicating the top…