ARCHITECTURE
artofinequality_150917_web
artofinequality_150917_web
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dictionary of real estate<br />
terms<br />
glossary of commercial<br />
real estate<br />
dictionary of architecture<br />
and construction<br />
the dictionary of urbanism<br />
Affordable<br />
Housing Affordability Index: An<br />
indicator of the proportion of<br />
the population that can afford<br />
to buy the average home sold<br />
during the current period. The<br />
intent is to measure the ability<br />
of area residents to buy homes<br />
in the area. A typical index<br />
compares median income to<br />
the income required by lenders<br />
for a loan large enough to buy a<br />
median-priced home.<br />
Affordable housing: A general<br />
term applied to public- and private-sector<br />
efforts to help lowand<br />
moderate-income people<br />
purchase homes.<br />
Affordable<br />
Affordable<br />
Affordable<br />
Affordable Housing: Housing<br />
for rent set within the reach of<br />
households with low incomes,<br />
and/or housing for sale on a<br />
shared ownership basis (predominantly<br />
provided by local<br />
authorities and housing associations<br />
or trusts, or low cost<br />
market housing). One US definition<br />
specifies affordable<br />
as meaning available at a<br />
mortgage payment or rental<br />
of no more than 25 percent of<br />
the starting salary of a local<br />
elementary school teacher. The<br />
term often conveys little when<br />
it is used (as it often is) without<br />
relating it to an income level.<br />
The income level at which affordability<br />
becomes an issue depends<br />
on local circumstances. Sir Peter<br />
Hall (2001) reported that the<br />
highly prosperous ski resort<br />
and conference town, Aspen,<br />
Colorado, decided that it needed<br />
to build affordable housing for<br />
doctors and lawyers. Providing<br />
affordable housing is often set as<br />
a planning obligation.<br />
Architect<br />
Architecture: The manner in<br />
which a building is constructed,<br />
including the layout, floor plan,<br />
style and appearance, materials<br />
used, and building technology<br />
used.<br />
Architect<br />
Architect<br />
1. A person trained and experienced<br />
in the design of buildings<br />
and the coordination and<br />
supervision of all aspects of the<br />
construction of buildings.<br />
2. A designation reserved, usually<br />
by law, for a person or organization<br />
professionally qualified<br />
Architect<br />
A person who designs buildings<br />
and supervises their construction.<br />
Architecture: The profession of<br />
designing buildings. The style of<br />
buildings. The design of the built<br />
environment.<br />
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