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Housing, or more generally, living spaces, refers to the
construction Construction is a general term meaning the art and science to form objects, systems, or organizations,"Construction" def. 1.a. 1.b. and 1.c. ''Oxford English Dictionary'' Second Edition on CD-ROM (v. 4.0) Oxford University Press 2009 and com ...
and assigned usage of
house A house is a single-unit residential building. It may range in complexity from a rudimentary hut to a complex structure of wood, masonry, concrete or other material, outfitted with plumbing, electrical, and heating, ventilation, and air condi ...
s or
building A building, or edifice, is an enclosed structure with a roof and walls standing more or less permanently in one place, such as a house or factory (although there's also portable buildings). Buildings come in a variety of sizes, shapes, and fun ...
s individually or collectively, for the purpose of
shelter Shelter is a small building giving temporary protection from bad weather or danger. Shelter may also refer to: Places * Port Shelter, Hong Kong * Shelter Bay (disambiguation), various locations * Shelter Cove (disambiguation), various locatio ...
. Housing ensures that members of society have a place to live, whether it is a home or some other kind of
dwelling In law, a dwelling (also known as a residence or an abode) is a self-contained unit of accommodation used by one or more households as a home - such as a house, apartment, mobile home, houseboat, vehicle, or other "substantial" structure. The ...
,
lodging Lodging refers to the use of a short-term dwelling, usually by renting the living space or sometimes through some other arrangement. People who travel and stay away from home for more than a day need lodging for sleep, rest, food, safety, shel ...
or
shelter Shelter is a small building giving temporary protection from bad weather or danger. Shelter may also refer to: Places * Port Shelter, Hong Kong * Shelter Bay (disambiguation), various locations * Shelter Cove (disambiguation), various locatio ...
. Many governments have one or more housing authorities, sometimes also called a housing ministry or housing department. Housing in many different areas consists of
public In public relations and communication science, publics are groups of individual people, and the public (a.k.a. the general public) is the totality of such groupings. This is a different concept to the sociological concept of the ''Öffentlichkei ...
,
social Social organisms, including human(s), live collectively in interacting populations. This interaction is considered social whether they are aware of it or not, and whether the exchange is voluntary or not. Etymology The word "social" derives from ...
and
private housing Public housing is a form of housing tenure in which the property is usually owned by a government authority, either central or local. Although the common goal of public housing is to provide affordable housing, the details, terminology, def ...
. In the United States, it was not until the 19th and 20th century that there was a lot more government involvement in housing. It was mainly aimed at helping those who were poor in the community.
Public housing Public housing is a form of housing tenure in which the property is usually owned by a government authority, either central or local. Although the common goal of public housing is to provide affordable housing, the details, terminology, def ...
provides help and assistance to those who are poor and mainly
low-income Poverty is the state of having few material possessions or little earners. A study report shows that there are many individuals living in public housing. There are over 1.2 million families or households. These types of housing were built mainly to provide people, mainly those who are low-income and elderly, with safe, affordable, and good housing units. There are many people who are a part of the United States Department of Housing and Urban Development (HUD). When counting, there are over nine hundred thousand participants in this program.


History

With regards to the history of housing, there are studies that prove that the involvement of the government began in 1937, and it was "under the United States Housing Act". The goal was to improve many things such as all of the unsafe, unsanitary, and terrible housing conditions which connect to the issue of
affordable housing Affordable housing is housing which is deemed affordable to those with a household income at or below the median as rated by the national government or a local government by a recognized housing affordability index. Most of the literature on affo ...
. In 1940, there was the development, and there was an Office of Housing expenditures. Later on, in the years, another housing act took place in 1956 and in 1960, there was recognition in rights which was considered to be a "huge turning point for public housing". Many of the policies created back then tend to be still active nowadays. From that time until now, public housing has been increasing. In the 1980s, there were many public housing individuals and tenants who lived in many different areas, particularly those areas that were segregated. Some years later, a new program was created, and it caused many people to be relocated. This is similar to what we have today, where people are repositioned. Back then, the program was called
Hope VI HOPE VI is a program of the United States Department of Housing and Urban Development. It is intended to revitalize the worst public housing projects in the United States into mixed-income developments. Its philosophy is largely based on New Urban ...
. Moving forward to the 2000s, the problem of finding affordable housing started to increase, leading HUD to start taking action and helping out many homeowners, individuals, agencies, and communities in order to find affordable housing. Throughout the years after there had been an increase in housing prices then they tend to go down after a year, this was occurring in 2005, and it sure is occurring today, nowadays there are such high prices on houses. In 2008, an act did take place called the "
Housing and Economic Recovery Act of 2008 The United States Housing and Economic Recovery Act of 2008 () (commonly referred to as HERA) was designed primarily to address the subprime mortgage crisis. It authorized the Federal Housing Administration to guarantee up to $300 billion in new ...
" and this act "strengthened and modernized the regulation of...(government sponsored enterprises) and the
Federal Home Loan Banks The Federal Home Loan Banks (FHLBanks, or FHLBank System) are 11 U.S. government-sponsored banks that provide liquidity to the members of financial institutions to support housing finance and community investment. Overview The FHLBank System was ...
" From 2013 to 2017, there was contributions occurring; for example, there was the
LIHTC The Low-Income Housing Tax Credit (LIHTC - often pronounced "lie-tech", Housing Credit) is a dollar-for-dollar tax credit in the United States for affordable housing investments. It was created under the Tax Reform Act of 1986 (TRA86) and gives ...
which although is a source on the outside, it did help out with HUD and provide many different funds which helped out with public housing, especially with their capital needs. From 2000 until 2019, inflation has dropped because of all of the public housing funds. Nowadays affordable housing is a huge problem for so many families, and this is up by about ten to fifteen percent since 2018 because of the increase in prices.  


Macroeconomy and housing price

Previous research has shown that housing price is affected by the
macroeconomy Macroeconomics (from the Greek prefix ''makro-'' meaning "large" + ''economics'') is a branch of economics dealing with performance, structure, behavior, and decision-making of an economy as a whole. For example, using interest rates, taxes, and ...
. Research from 2018 indicates that a 1% increase in the
Consumer Price Index A consumer price index (CPI) is a price index, the price of a weighted average market basket of consumer goods and services purchased by households. Changes in measured CPI track changes in prices over time. Overview A CPI is a statistica ...
leads to a $3,559,715 increase in housing prices and raises the property price per square foot by $119.3387. Money Supply (M2) has a positive relationship with housing prices. As M2 increased by one unit, housing prices rose by 0.0618 in a study conducted in
Hong Kong Hong Kong ( (US) or (UK); , ), officially the Hong Kong Special Administrative Region of the People's Republic of China ( abbr. Hong Kong SAR or HKSAR), is a city and special administrative region of China on the eastern Pearl River Delt ...
. When there is a 1% increase in the best lending rate, housing prices drop by between $18,237.26 and $28,681.17 in the HAC model. Mortgage repayments lead to a rise in the discount window base rate. A 1% rise in the rate leads to a $14,314.69 drop in housing prices, and an average selling price drop of $585,335.50. As the US real interest rate increases, the interest rates in Hong Kong must follow, increasing mortgage repayments. When there is a 1% increase in the US real interest rate, the property prices decrease from $9302.845 to $4957.274, and saleable area drops by $4.955206 and $14.01284. When there is a 1% rise in overnight Hong Kong Interbank Offered Rate, the housing prices drop to about 3455.529, and the price per ft2 will drop by $187.3119.


Effect on health

Housing is recognized as a
social determinant of health The social determinants of health (SDOH) are the economic and social conditions that influence individual and group differences in health status. They are the health promoting factors found in one's living and working conditions (such as the d ...
. Lack of housing or poor-quality housing can negatively affect an individual's physical and mental health. Housing attributes that negatively affect physical health include
dampness Water content or moisture content is the quantity of water contained in a material, such as soil (called soil moisture), Rock (geology), rock, ceramics, crops, or wood. Water content is used in a wide range of scientific and technical areas, and i ...
,
mold A mold () or mould () is one of the structures certain fungus, fungi can form. The dust-like, colored appearance of molds is due to the formation of Spore#Fungi, spores containing Secondary metabolite#Fungal secondary metabolites, fungal seco ...
, inadequate heating, and overcrowding. Mental health is also affected by inadequate heating, overcrowding, dampness, and mold, as well as lack of personal space. Instability in housing can negatively affect mental health. Housing can affect the health of children through exposure to
asthma Asthma is a long-term inflammatory disease of the airways of the lungs. It is characterized by variable and recurring symptoms, reversible airflow obstruction, and easily triggered bronchospasms. Symptoms include episodes of wheezing, cou ...
triggers or
lead Lead is a chemical element with the symbol Pb (from the Latin ) and atomic number 82. It is a heavy metal that is denser than most common materials. Lead is soft and malleable, and also has a relatively low melting point. When freshly cu ...
, and through injuries due to structural deficiencies (e.g. lack of window guards or radiator covers). In addition to the negative effects that affordable housing has on health, there are many other negative effects that come with it. For example, the lack of affordable housing can lead many people to not be able to find housing which causes them to become homeless. Within the issue of people not being able to find affordable housing, there are two groups of individuals in the community;  those who are able to afford it and have the choice to do so and those who are not able to afford it. Those who are unable to afford it are more likely to become homeless but a large number of people will be out of this issue of
homelessness Homelessness or houselessness – also known as a state of being unhoused or unsheltered – is the condition of lacking stable, safe, and adequate housing. People can be categorized as homeless if they are: * living on the streets, also kn ...
if there was more affordable housing available. In California, in the HUD's report, it has proven that “California had about 134,000 homeless individuals, which represented about 24 percent of the total homeless population in the nation”. This is such a high number of people who are homeless without housing. It is a terrible thing for people to go through the process of being homeless, it has some serious
mental illnesses A mental disorder, also referred to as a mental illness or psychiatric disorder, is a behavioral or mental pattern that causes significant distress or impairment of personal functioning. Such features may be persistent, relapsing and remitti ...
. Many homeless people tend to get addicted to
drug A drug is any chemical substance that causes a change in an organism's physiology or psychology when consumed. Drugs are typically distinguished from food and substances that provide nutritional support. Consumption of drugs can be via insuffla ...
s, many become
alcoholics Alcoholism is, broadly, any drinking of alcohol that results in significant mental or physical health problems. Because there is disagreement on the definition of the word ''alcoholism'', it is not a recognized diagnostic entity. Predomina ...
, and many go through trauma and have mental illnesses.
Homelessness Homelessness or houselessness – also known as a state of being unhoused or unsheltered – is the condition of lacking stable, safe, and adequate housing. People can be categorized as homeless if they are: * living on the streets, also kn ...
is proven to increase because of the issue of affordable housing.


See also

*
Affordable housing Affordable housing is housing which is deemed affordable to those with a household income at or below the median as rated by the national government or a local government by a recognized housing affordability index. Most of the literature on affo ...
* :Housing ministries *
Housing association In Ireland and the United Kingdom, housing associations are private, Non-profit organization, non-profit making organisations that provide low-cost "Public housing in the United Kingdom, social housing" for people in need of a home. Any budge ...
; there are many articles on specific named housing associations *
Housing estate A housing estate (or sometimes housing complex or housing development) is a group of homes and other buildings built together as a single development. The exact form may vary from country to country. Popular throughout the United States a ...
*
Housing in the United Kingdom Housing in the United Kingdom represents the largest non-financial asset class in the UK; its overall net value passed the £5 trillion mark in 2014. About 30% of homes are owned outright by their occupants, and a further 40% are owner-occupied ...
*
Housing in Japan Housing in Japan includes modern and traditional styles. Two patterns of residences are predominant in contemporary Japan: the single-family detached house and the multiple-unit building, either owned by an individual or corporation and re ...
*
Informal housing Informal housing or informal settlement can include any form of housing, shelter, or settlement (or lack thereof) which is illegal, falls outside of government control or regulation, or is not afforded protection by the state. As such, the inform ...
*
Informal sector An informal economy (informal sector or grey economy) is the part of any economy that is neither taxed nor monitored by any form of government. Although the informal sector makes up a significant portion of the economies in developing countrie ...
*
List of housing statutes Legal scholars and practitioners generally discuss laws that affect housing within the context of real property, landlord–tenant law, mortgage law, laws that forbid housing discrimination, laws that attempt to preserve affordable housing, etc. ...
*
List of human habitation forms This is a list of house types. Houses can be built in a large variety of configurations. A basic division is between free-standing or single-family detached homes and various types of attached or multi-family residential dwellings. Both may v ...
*
Right to housing The right to housing (occasionally right to shelter) is the economic, social and cultural right to adequate housing and shelter. It is recognized in some national constitutions and in the Universal Declaration of Human Rights and International C ...
*
Subsidized housing Subsidized housing is government sponsored economic assistance aimed towards alleviating housing costs and expenses for impoverished people with low to moderate incomes. In the United States, subsidized housing is often called "affordable housin ...
* US
Federal Housing Administration The Federal Housing Administration (FHA), also known as the Office of Housing within the Department of Housing and Urban Development (HUD), is a United States government agency founded by President Franklin Delano Roosevelt, created in part ...


References


External links

* * house for sale in toronot * {{Authority control