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Building communities of opportunity requires that people at all income levels have decent, affordable places to live and thrive. This means proactively engaging with policy makers, housing developers, community groups and investors to foster housing efforts that help build assets while preserving long-term affordability.
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Affordable housing development fuels economic growth in a variety of ways. Stable neighborhoods support paths to home ownership and asset growth. That, in turn, attracts new investments which help create jobs and increase local spending.
Access to affordable housing frees up financial resources that allow low-income residents to invest in those services that support their long term health including insurance and health care services, day care and education, and more nutritious food.
When communities support residents across a broad spectrum of socioeconomic statuses, that allows governments to free up spending on homeless, health and other social programs and invest in other key areas.