Did You Know?

**The world is experiencing a global housing crisis.  It’s happening in the US, too.

  • About 1.6 billion people in the world live in substandard housing.  100 million are homeless.
  • One billion people  in the world (32 % of the global urban population) live in urban slums.
  • If no serious action were taken, the number of slum dwellers worldwide would increase over the next 30 years –to nearly 2 billion.
  • In the US, 95 million people have housing problems (including homelessness; poor/ unacceptable quality housing; overcrowding; and mortgage payments that are too large a percentage of the owners’ income).

**Clean, decent, stable housing provides more than just a roof over someone’s head; it provides:

  • Stability for families and children.
  • Sense of dignity and pride.
  • Health, physical safety, and security.
  • Increase of educational and job prospects.

**Housing is a great means to create ‘wealth’  –financial and otherwise.

  • Home ownership is a form of wealth accumulation, through equity increase, and through ’forced savings’  from repaying a mortgage.
  • Housing construction creates job opportunities and helps keep businesses in business.
  • The process of securing land helps to improve financial stability, and helps to increase access to credit.

**Good housing attracts economic investment and economic development.

  • It contributes to thriving school systems, and community organizations.
  • It is a catalyst for civic activism, and a stimulus for community-based organizations.
  • Safe homes and neighborhoods help to build social stability and security.

**Affordable housing must become a priority.

  • The percentage of people across the US and the world without access to decent, stable housing, is rising.
  • Adequate housing is vitally important to the health of local communities as well as the world’s economies, communities, and populations.
  • Affordable housing helps to reduce the cycle of poverty.