Safe, affordable housing is out of reach for far too many people around the South Hampton Roads
Every day, more families find themselves in a struggle to keep a decent roof over their heads. Caught in punishing cycles of unpredictable rent increases, overcrowded conditions, or lack of access to land and affordable financing, these families live with a constant burden of stress and fear.
Helping families leave that cycle behind is why we build. When a family can create a decent place to live that’s affordable, everything can change – and so much change is so desperately needed.
A housing affordability crisis in the U.S.
Nearly 13 percent of Americans live in poverty, according to the U.S. Census Bureau. A family of four with an annual income of less than $24,858 is considered to be living below the poverty line.
One in five children in the U.S. lives in a family who resides in extremely poor conditions, according to the National Center for Children in Poverty. The homeownership rate for all ages reached a 50-year low in 2016, according to the Census Bureau, as rising property prices, high rents and stagnant pay put buying out of reach for many.
A worker earning the federal minimum hourly wage of $7.25 needs to work 122 hours a week for 52 weeks — or more than three full-time jobs — to afford a modest two-bedroom rental home and 99 hours per week — or about two and a half full-time jobs — to afford a modest one-bedroom apartment, according to The National Low Income Housing Coalition.
The difference a decent and affordable place to live can make
There is a strong correlation between improved housing and poverty reduction, according to the United Nations. The house and neighborhood where one grows up has been shown to impact health and longevity.