Housing is of prime concern to all of us. It forms the central part of our social life and a base for our personal relationships, and is a major contributor to our sense of identity and security. For many, it is also our single most important asset, both for ourselves and our children. At the local government level, it is important for its effects on household structure, on community wellbeing and social cohesion, on the environment, on service needs and on rate revenue, and for its direct and indirect impacts on economic development. Housing is fundamental to the wellbeing of residents, the proper functioning of communities and the achievement of a range of other local strategies. An Affordable Housing Strategy as a component of a broader housing strategy is increasingly becoming a necessity for local governments.