Why does affordable housing matter for our community?
It provides economic growth - Affordable housing is important for economic growth because it helps create a diverse workforce for businesses. Research shows that a lack of affordable housing costs the economy about $2 trillion a year in lower wages and productivity.
It reduces poverty - Research shows that increasing access to affordable housing is the most cost-effective way to reduce childhood poverty.
It supports job creation - Each dollar invested in affordable housing helps boost local economies by generating income and supporting job creation and retention.
It builds community - Quality housing can help anchor and support neighborhoods. Improving affordable housing can lead to outcomes that extend beyond the household to areas ranging from community engagement to education.
It improves individual health and well-being - A safe and stable home is essential for a healthy life. Poor quality housing can increase the risk of injury and exposure to toxins.
And for Branson… It is important because it helps to ensure that local businesses have access to the workforce they need while providing essential support in times of economic hardship, such as a job loss or illness. Affordable housing helps to keep people out of homelessness and reduces income inequality.
We currently have 400-600 children living in deplorable conditions in some of these extended stay motels. No one should have to live in this, imagine living in these conditions as a single parent with children because you can’t afford anything else or there is nothing else available.
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