A house is more than a building! It’s a home that protects, shelters, and also nurtures the occupants explains Maxwell Drever. It also secures professional and personal development and provides a secure harbor. Additionally, low-cost housing is also not a lavish zone. It’s a necessity. For several years, the middle class squeezed as the poor got poorer or the rich got richer. Similarly, the expense of buying or renting a house has become significantly less affordable for several Americans.
Today, the millennials are witnessing a challenging landscape. They are not able to find a job after their graduation. Many needs to stay with their parents. Disabled people and seniors with fixed incomes are also struggling to come across low-cost housing. And the poor don’t have anywhere to reside other than crowded shelters and run-down buildings.
According to Maxwell Drever, the people who reside in low-cost housing have more chances to succeed academically, socially, and professionally. Low-cost housing adds to their individual well-being in several ways.
It is healthy
The studies highlight that good-quality low-cost housing brings about various positive impacts on people’s well-being and their health. It helps in the following:
- Provides a sense of security.
- Frees up the financial resources for nutritious food and healthcare.
- Promoting increased self-esteem via homeownership.
- Offering residential stability.
- Foster community involvement and social networks.
- Enabling the families to manage their daily lives.
- Minimizing exposure to dangerous diseases.
- Bringing down stress and enhancing mental health.
- Promoting everyday delivery of healthcare services.
- Bringing down health risks linked with inferior quality housing.
It enables to develop of sustainable communities
The well-designed affordable housing developments positively impact the encompassing communities, especially in the urban environments. Also, low-cost housing uplifts the residents, bringing down overcrowding, motivating social connections, attracting businesses, maximizing adjacent property values, and reducing crime rates.
It helps in generating job
The place you reside impacts where you work and the amount of money you make. The affordable housing development creates employment scopes for the community and stimulates the local economy by generating long-term and short-term jobs. It also leads to the following benefits:
- Enhancing the customer spending
- Attracting the employees and employers
- Developing tax revenue for the local and state governments
- Maximizing job security by offering a stable housing
- Reducing the risk, the foreclosures, and evictions
- Provide better transportation choices
- Backing up the social network that results in job opportunities
Last but not least, according to Maxwell Drever, affordable housing results in promoting diversity. The low-cost housing developments can accomplish this objective by developing communities that can unite people from varied educational, socio-economic, cultural, and professional backgrounds. The cities that don’t have correct housing usually become separated and then fail to cater to the family needs, staying under a mix of circumstances, resulting in increased poverty rates and high distress in segregated, poor neighborhoods.
The diverse communities that maximize the interaction and exposure between people of various ethnic backgrounds can bring down racial tension and discrimination while maximizing cultural sensitivity, tolerance, and fairness.