Affordable Housing: refers to an adequate shelter that does not exceed 30% of household income. Thirty percent of income is an established norm for the percentage of gross income that is accepted nationally, that low or moderate-income households can afford to spend on shelter, while leaving enough for taxes, food, clothes, transportation, and other necessities.
Housing Tenure: refers to whether the household owns or rents their private dwelling.
Coop Housing: housing managed by a non-profit association that is incorporated to pursue economic and social objectives, and to respect democratic principles in the functioning of the organization.
Housing Type: refers to the kind of dwelling a household lives in. Examples: a one bedroom apartment, single family dwelling, duplex, etc.
Attainable Housing: The term attainable housing is the ability of households to enter and graduate to successively higher levels of the local housing market. Households at various income levels can find and attain suitable housing, and can ultimately advance to a different level. Implicit in this usage of attainability is the idea that a range of housing options (type, size, tenure, cost) exists in the local market. One of the objectives of the Housing Strategy and Action Plan will be to develop strategies and actions to increase the range of housing options in the local Kaslo market.
Household: a dwelling to which a person living alone or a group of persons belong. There are two categories: non-family households and family households. A non-family household consists either of one person living alone or of two or more persons who share a dwelling, but do not constitute a family. Family households are divided into two subcategories: one-family households and multiple-family households.
Market housing: housing that is rented or bought and sold in the marketplace without restrictions.
Non-market housing: housing for those who cannot afford to pay market rents or who have needs that are not being met by the market. Non-market housing is defined as housing designed for independent living that is owned by government or a nonprofit/co-op society and where project rents or prices are determined not by the market but are controlled by government through an operating agreement or land lease.
Seasonal residents: people who have purchased a second home in Kaslo, but don’t have their permanent residence here.
Supportive Housing: Supportive housing is broadly described as any housing options that fill the gap between independent living in the community and dependent living in an institutional setting. It is permanent (no limit or length of stay) affordable housing, in any housing configuration (high-rise, single, low-rise, etc.), with some form of care component that is designed to help people maintain their housing. It includes a cost-effective combination of affordable housing and services that help people live more stable, productive lives.