Rent isn’t the only variable that determines how affordable a particular home is. Access to transit and amenities like groceries matters, too.
Between 2001 and 2008, the Illinois Housing Development Authority greenlit 248 affordable housing developments in the Chicago area. In Illinois, affordable housing operates on a simple principle: housing costs shouldn’t exceed 30 percent of a family’s annual budget. But rent isn’t the only variable that determines how affordable a particular home is. Sustainability matters, too.