"Affordable Housing" means Housing which is modest in terms of floor area and amenities, based on household needs and community norms, and is priced at or below median market housing rents or prices for comparable housing in a community or area.
Source: Affordable Housing Program Agreement, signed 20 September, 2002 (effective date January 1, 2001) by Hon. David Collenette for Canada Mortgage and Housing Corporation [CMHC] and Hon. Tim Sale for Manitoba Housing and Renewal Corporation [MHRC].