What is an Affordable Housing Strategy?
An Affordable Housing Strategy sets out the City’s overall direction for housing to help guide Richmond’s actions in the coming years in addressing local affordability challenges and priorities.
How does the City define "Affordable"?
The City follows the practice widely adopted in North America and Commonwealth countries to define when housing is affordable. It is when tenants/owners do not have to spend more than 30 per cent of their gross income on housing costs (excluding utility fees, telephone, internet, cablevision and the like).