The implications of a crisis in housing affordability are well‐ understood by civic leaders from all sectors.
The advantages of affordable housing:
- Makes it easier for workers to move to the area, which, in turn, alleviates existing labor shortages
- Relieves stress to families and others who are forced to spend a disproportionately large share of their incomes on shelter (leaving less money for other essentials)
- Empowers efforts to build a diverse community with a range of household types and income levels.
- Raises individuals’ self‐ esteem, sense of security and dignity in general, and supports the community’s social and economic stability .