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Low cost housing refers to residential buildings or units that are designed to be affordable for individuals or families with limited income. These housing options typically feature smaller, more basic living spaces and are often subsidized by government programs or non-profit organizations to help ensure that low-income individuals have access to safe and decent housing. Low cost housing may include apartment complexes, townhouses, or single-family homes that are priced below market rates in order to provide affordable housing options for those in need.