Why Affordable Housing?
Even before COVID-19, more than 17 million U.S. households (one in seven) were spending 50 percent or more of their income on housing, forgoing personal and economic stability that safe, decent and affordable housing provides. Now, due to the pandemic, there is an even greater burden on low-income households, given their concentration in at-risk jobs. Twelve million households have at least one contributing member working in an at-risk industry.
It remains clear that homeownership matters, and not having access to this takes a toll on the health and wellness of families. Cost-burdened households with children spend on average $190 less on food and 70 percent less on healthcare compared to families living in affordable homes.
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