Investments in affordable housing are a proven catalyst for economic growth, job creation, and development.
Housing is a long-term investment that generates a significant return on investment.
According to a literature review by The Center for Housing Policy, the creation of affordable housing increases employment (direct jobs such as construction and indirect jobs such as suppliers and materials); increases revenue for local government (permits, fees, property taxes, sales tax); and increases consumer spending in the area once the home are occupied (retail, grocery, etc.). For example, according to the National Association of Home Builders, building 100 affordable rental homes generates $11.7 million in local income, $2.2 million in taxes and other revenue for local governments, and 161 local jobs in the first year alone.
