PATH and NIST are collaborating to develop a set of affordability guidelines for owner-occupied housing. Affordability has always been an important consideration in housing, but its impact on housing choice has usually been informal. Housing industry stakeholders are realizing the need to address affordability both explicitly and formally.
There is no standard, uniform, or accepted definition of affordability, however, that housing industry stakeholders can use to define and measure affordability. Without a set of guidelines for measuring affordability, manufacturers, code officials, homebuilders, mortgage lenders, consumers, and other housing industry stakeholders will not have a clear methodology for evaluating the affordability of alternative or new technologies in housing.
The guidelines currently under development will show how to measure and evaluate the affordability of alternative residential building technologies when compared with a conventionally used technology satisfying the same function or code requirement. The affordability guidelines will help PATH achieve its vision of reducting monthly housing costs. The affordability guidelines will also support HUD's strategic goal of increasing the availability of decent, safe, and affordable housing in American communities.
The development of the affordability guidelines is a four-step process: (1) producing a white paper highlighting affordability-related issues in owner-occupied housing; (2) convening the NIST--PATH Housing Affordability Workshop and producing this Proceedings; (3) producing a consensus roadmap for developing and deploying the affordability guidelines; and (4) producing a proposed set of affordability guidelines.
Measuring and Assessing the Consequences of Technology and Innovation for Affordability of Housing: Proceedings of the NIST - PATH Workshop
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February 2004, 164 pages
Through PATH support, the National Institute of Standards and Technology (NIST) is developing a set of affordability guidelines for owner-occupied housing. This report describes the NIST--PATH Housing Affordability Workshop held on June 4-5, 2003. The purpose of the workshop was to discuss ways for measuring and assessing the consequences of technology and innovation on the affordability of housing.
Content updated on 9/1/2005