Why is there need for affordable housing
Whether you’re in a big city, a village or a small town, you will find people who need affordable housing. Any location populated with families that live and work there can present a variety of housing needs with significant ramifications.
Most Americans feel that they are comfortable and secure in their present home situation. However, nearly half of all adults were affected at some point in their lives by housing uncertainty. Most Americans think that finding reasonably priced quality homes in their area is challenging. Most of all adults claim to have covered their rent or mortgage at least once by making compromises such as: cutting back on their healthcare, eating cheaper and less healthy food, working two jobs or moving to neighborhoods with a bad reputation.
The population has seen a rapid rise in urban areas around the world, which often means there is not enough housing available. For the first time, more than half of the global population lives in urban areas, whereas a century ago it was only one in five. Due to these circumstances and due to various laws, policies, and systems — having available homes in the first place is now the biggest challenge to the ideal world where everyone can afford decent housing.
There are several various ways to address the continually growing need for affordable housing both in your community and around the world. Included among them are:
- Building new housing developments
- Doing repairs on existing homes
- Offering small loans to help with home improvement projects
- Helping owners establish their land ownership titles
- Advocating for better laws and systems
- Aid in disaster prevention and recovery methods
The Importance of Affordable Housing for Families
Too many families find themselves stressed, depressed, and hopeless as a result of housing insecurity. That can include moving around frequently, living in overcrowded accommodation, or facing the threat of eviction.
People can’t afford their homes often report health issues. Living in insecure housing can also compromise the healthy development and well-being of children.
Families, who pay too much into their rent or mortgage often must make difficult decisions: Food or gas? Rent or health insurance?
Having access to a decent and reasonably priced place to live can help people find relief from mental and physical torment. It can also open new opportunities for them and increase their confidence and independence.
Affordable housing can offer families a secure home where they can spend quality time together. Having access to an affordable mortgage or a small loan can allow them to save and invest money in education. Home then becomes a safe place, not a cause of stress.
Having access to affordable housing is an essential step towards helping people who are struggling. It can give them the chance to acquire the financial knowledge and skills needed for them to be happy homeowners. The affordable housing movement stands for the opportunity to change the lives of many families for the better.