Affordable Housing Crisis Essay

1177 words - 5 pages

Affordable housing in the United States describes sheltering units with well-adjusted housing costs for those living on an average, median income. The phrase usually implies to applied rental or purchaser housing within the financial means of lower-income ranges specific to the demographics of any given area. However, affordable housing does not include those living in social housing owned by government and non-profit organizations. More specifically, the targeted range for housing affordability sets below 30 percent of a household's annual income, including all applicable taxes, utility costs and home owners insurance rates. If the mean income per household breaches the 30 percent mark, then the agreed status becomes labeled as "unaffordable" by most recognizable financial institutions.

U.S. Department of Housing and Urban Development (HUD): Affordable Housing
HUD User Publications Organization: Affordable Housing
Assisted Housing Alert: Section 8 Low-Income Housing
Alliance for Healthy Homes: Crisis in Affordable Housing
WATCH: Community Development Program: Affordable Housing Development
CommonBond Communities: Applying for CommonBond Affordable Housing
National Association of Realtors: A Field Guide to Low-Income Housing
Neighbor to Neighbor Organization: Affordable Housing Program
National Low-Income Housing Coalition: Affordable Housing Placement Program
U.S. Census Bureau: State Median Income Statistics
Alliance for the Betterment of Citizens with Disabilities: Housing Terms and Facts
Technical Assistance Collaborative, Inc.: Affordable Low-Income Housing for Disabled Persons
Homelessness Resource Center: Providing Affordable Low-Income Housing for Those in Need

Over 30 million Americans need housing assistance due to the overall cost burdens exceeding 50 percent of their total gross income, overcrowding with the number of people living inside the home far exceeding its structural capacity, and lack of basic utilities, such as running water and electricity. Statistically, one out of seven families live in severe physical deficient housing. In fact, the housing and stock market revealed in July of 2009 that the Great Recession further widened the gap and income disparity between the average, hard-working Americans and the top 1% of wealthy Americans. Edward N. Wolff suggests that the average American produced a massive 36.1% drop in overall marketable assets while the top 1% of wealthy Americans only lost 11.1%. This income gap disparity ensures that ever-increasing need for affordable housing as the economic crisis worsens.

Habitat for Humanity: Affordable Housing Statistics
University of California, Santa Cruz: Who Rules America? Wealth, Income, and Power
The Levy Institute: Recent Trends in Household Wealth in the United States: Rising Debt and the Middle-Class Squeeze: an Update to 2007 Statistics
University of Kent State: Broadening Ownership of...

Find Another Essay On Affordable Housing Crisis

Outline of the social justice/political issue of Homelessness in Australia (with references)

2148 words - 9 pages -rural-australia/7673780 [Accessed Aug. 2016]. Regional Affairs Reporter Lucy Barbour, author of the article “Affordable Housing In Rural Australia Has Homelessness At Crisis Point, produced as an online article owned by News ABC and published on the 31st of July 2016 summarises promotes the current issue of homelessness as an escalated ‘crisis’ targeted especially towards Rural areas of Australia.  Statistical information is accurate and

The Homeless in Canada Essay

2582 words - 10 pages as they didn’t have a place they could call home. The crisis in Hastings County was startling in 2005 of homeless and the lack of available affordable housing. Out of almost 300 persons more than 100 people self-identified they were homeless and 51% reported they had been without a place to call their own in the past. There were 239 households had stayed with friends, family or a shelter in the past 3 years. As a result of this project

Minimum Wage vs. Housing Wage Gap - Kean - Sales Letter

2683 words - 11 pages Dior Hinton 1000 Morris Avenue Union, New Jersey 08075 November 19, 2017 Bernie Sanders United States Senator 1 Church Street, 3rd Floor Burlington, Vermont 05401 Re: Housing Crisis Dear Bernie Sanders, As you very well know, billions of Americans are living beyond their needs, putting essential responsibilities off, sacrificing the things we take for granted, and working around the clock with poor wages every day. Americans are struggling day

Affordable Housing: Prevent Homelessness - C229 - Paper

3164 words - 13 pages Safe, Affordable, Quality Housing: Prevention of Homelessness in Battle Creek Community Health Practicum Western Governors University Primary Prevention Topic Housing has long been recognized as a fundamental human right and a core social determinant of health (Stafford & Wood, _____). A home provides shelter, privacy, and safety and protects not only our physical health but also our social and mental health as well. Although in the last

Unaffordable Houisng in Melbourne

1991 words - 8 pages costs to homebuyers. Within the property market in Melbourne and other Australian capitals. soaring house prices and the lack of affordable housing is indeed a great concern. With the extraordinary growth rates predicted, the under-supply of housing is only set to get worse unless a solution is found. Whilst several wider economic and policy issues have been highlighted as common explanations for the current crisis, this paper has argued that

America Needs Affordable Housing

1907 words - 8 pages America Needs Affordable Housing It is often easy to castigate large cities or third world countries as failures in the field of affordable housing, yet the crisis, like an invisible cancer, manifests itself in many forms, plaguing both urban and suburban areas. Reformers have wrestled passionately with the issue for centuries, revealing the severity of the situation in an attempt for change, while politicians have only responded with band

Solving the Foreclosure Crisis

1277 words - 5 pages to the basics. One of the biggest causes of the foreclosure crisis is homebuyers borrowing money that they cannot pay back. From a political and governmental point of view: • The government must go back to their primary mission of “affordable housing.” Houses must be adequately priced for the average low- to moderate-income families to afford. • Over the past two years, there have been four laws enacted – the Economic Stimulus Act of

The Rise in Youth Homelessness in Canada

1179 words - 5 pages Today in Canada, a rise in youth homelessness is being observed across the country. Despite common assumptions, the issue of street youth is not isolated to Toronto or Montreal, but has become pervasive across the country. Although accurate statistics are impossible to come by, the disturbing reality is that both urban centers and rural communities nationwide, are struggling to provide their youth with adequate, affordable housing. Issues

Solving the Foreclosure Crisis in Low-Income Neighborhoods

1111 words - 4 pages housing, by contrast, leave the community when homes are sold. Embracing shared equity housing will be essential in solving today's foreclosure crisis. In the Urban Land magazine article “Affordable Homeownership,” Ryan Sherriff profiles the community land trust approach to shared equity housing. Under this arrangement, individual families own homes while the community land trust, a nonprofit organization, retains ownership of the underlying

The 2008 Financial Crisis

1529 words - 6 pages introduction The 2008 financial crisis led to a sharp increase in mortgage foreclosures primarily subprime leading to a collapse in several mortgage lenders. Recurrent foreclosures and the harms of subprime mortgages were caused by loose lending practices, housing bubble, low interest rates and extreme risk taking (Zandi, 2008). Additionally, expert analysis on the 2008 financial crisis assert that the cause was also due to erroneous monetary

The American Dream of Home Ownership

1305 words - 5 pages surrender of Japan, troops returned home ready to start their lives again. Many veterans returned to young families anticipating the opportunity to buy a home. The lack of home production during the Great Depression and war created a severe housing crisis. 5 Levitt and Sons is considered one of the most successful developers who confronted the housing crisis after World War II. Originally, Levitt and Sons was a private developer who specialized

Similar Essays

Review And Critique Of Massachusetts Law 40 B

1206 words - 5 pages units are needed annually to ease the affordable housing crisis. While it is evident affordable housing is a serious, present concern, open space preservation is pressing in its own spot light. The Sierra Club estimates the total land lost to sprawl is about 100 million acres, of which 25 million acres were lost from 1982 to 1997. Since 1945, Massachusetts has lost more than 1.3 million acres of farmland. More than 3 million of the

Poverty In Amercia Essay

958 words - 4 pages 2004 the demand for shelter rose 14%, according to a survey released in December 2004 by the U.S. Conference of Mayors on hunger and homelessness. A missed paycheck, a health crisis, or an unpaid bill pushes low wage workers over the edge onto homelessness. Some of the issues that stop low wage people to make it are lack of affordable housing, lagging incomes, and slashed services and government assistance. Increasing rents, destruction of

Chrc Background Essay

1107 words - 4 pages operating the 140 units of public housing, CHA received funding from HUD in 1985 to build the Northridge Community. This development was located on the north end of Columbia consisting of 66 duplex style apartments. The agency constructed another 40 units adjacent to Northridge called Northridge Annex in 1989. These new apartments expanded CHA’s ability to offer affordable subsidized housing in different areas of Columbia, TN. In 1994, CHA

Foreclosure Crisis In America Essay

1118 words - 4 pages losing their homes is New York City. In the article “Developers Need Community Support, Communities Need Affordable Housing,” it discusses the city’s residents versus the developers. There are numerous issues that are stalling the process of growth, namely the “neighborhood opposition.” However, this opposition in my mind is not a good cause. As, “the effects of new luxury development in their neighborhoods are rising rent, gentrification, and