Perspectives by Maxwell Drever
If you follow the news, you will find that the affordable housing crisis has been present for a while. And recently, owing to the pandemic outbreak, the subject has gained more importance from the real estate communities, government agencies, the housing policy, and many more. Two main issues are hovering around this issue: the absence of supply and the problem of affordability.
Middle and medium-earning families usually suffer from a growth stagnancy. And it is indeed challenging for them to come up with a proper place for accommodation that they can pay for with their income. And hence, the housing crisis aggravates even more. And when a fundamental requirement like housing doesn’t get met, it can result in poor health and living conditions. Maxwell Drever says that it can also result in chaos and hence the issue needs to get addressed and remedied.
Understanding the concept of affordable workforce housing
Simply put, the affordable workforce housing segment is meant for the ones who belong to the medium and lower-income brackets. These people are the workforce class who need to stay close to their place of work so that they can reach their workplace fast and not waste time in their commute. Usually, these people end up paying more than 30% to 50% of their income for house rent and thereby don’t have ample cash to spend for other essential aspects of life, such as food or healthcare. Some people who belong to this group, often stays at residential units that are untidy and in a shoddy condition that results in health issues and leads to a sense of dissatisfaction. And with the increase of home rents, there is a chance that these people might become homeless. Today, several Americans sleep on the streets because they got evicted by the landlords.
The relevance of affordable workforce housing units
Having a house of your own is essential. It makes sure that you have a safe place to stay and that your family members are safe and secured. Having an affordable workforce accommodation unit will lead to the following benefits:
- The pandemic outbreak made many people lose out on their homes. It is necessary to stay inside a decent shelter to stay secured from the virus. The virus is not going to flatten down its curve so soon. Hence, when there is an affordable housing unit, people who are homeless will get a shelter and can stay secured from the virus and other bacteria.
- The workforce class of people and the ones who have lower income, needs an accommodation unit where they can stay and don’t have to face a financial burden. The affordable housing units usually address this concern. It enables families with a lower income to stay in a healthy and safe condition, ensuring a good lifestyle for adults and kids.
Maxwell Drever says that it’s been a while that people have been encountering the housing crisis, which is not enabling them to lead a proper life. If more affordable housing projects are implemented, it will give hope to the lower-income households to stay and work in balance.