What is the primary goal of the Affordable Housing Act?

The primary goal of the Affordable Housing Act is to ensure the availability of affordable housing. This legislation was designed to address the pressing need for accessible, affordable living options in communities, especially for low- and moderate-income individuals and families. By setting guidelines and responsibilities for municipalities, the act aims to provide a framework through which local governments can develop, implement, and manage affordable housing projects.

Affordable housing initiatives often include the creation or preservation of rental units that are financially accessible to those who might otherwise be priced out of the market. This has implications for social equity, community development, and economic stability, as a diverse array of residents can live in a given area, which fosters vibrant communities. The act also helps to alleviate housing shortages, reduce homelessness, and support regional growth.

The other options, while relevant to urban and community planning, do not encapsulate the core purpose of the Affordable Housing Act. For instance, regulating commercial property taxes relates more to financial and property management than to housing availability, limiting urban development often conflicts with the goals of expanding housing options, and promoting public transportation addresses a different aspect of urban planning.