What is the main goal of the Affordable Housing Act?

The primary objective of the Affordable Housing Act is to increase access to affordable housing options for individuals and families. This is crucial in addressing the growing issue of housing affordability and ensuring that low- and moderate-income households can find safe, decent, and affordable places to live. By expanding the availability of affordable housing, the Act aims to reduce the burden of housing costs, promote stable communities, and enhance overall quality of life for those affected by housing insecurity.

The focus on providing various affordable housing options speaks to the Act's commitment to inclusivity and social equity within housing policy. By doing so, it helps to foster diverse communities and combats issues such as homelessness and displacement that often arise from the lack of affordable housing.

Other choices do not align with the Act's goals, as reducing taxes on all housing does not directly address the accessibility of affordable living spaces, eliminating housing regulations could lead to further market inequities, and focusing solely on luxury development runs counter to the intent of promoting affordability for the community at large.