As Affordable Housing Awareness Month winds down, Crain’s Chicago Business published a guest column by HODC’s Richard Koenig that highlights the growing need for, and challenges of, developing affordable housing in the suburbs.
Key Takeaways:
- Affordable housing is more than just low-income housing. Today’s affordable housing developments are well-managed, beautifully designed, and offer access to amenities like good schools and job opportunities.
- Suburban affordable housing benefits a wide range of residents. It allows working families to live near their jobs, seniors to age in place, and individuals with disabilities to live independently.
- Developing affordable housing is a complex process. It requires creative financing solutions and often faces opposition from residents (“NIMBY” – Not In My Backyard).
- There’s a critical need for more funding and streamlined approvals. This will allow developers to move forward and meet the growing demand for affordable housing options.
How You Can Help
- Read the full column in Crain’s Chicago Business.
- Spread the word: Share this column with your friends and family to raise awareness about the need for affordable housing.
- Advocate for change: Contact your local elected officials and express your support for policies that promote affordable housing development in your community.
- Donate to HODC’s Key Campaign: Consider making a financial contribution to HODC’s Key Campaign. This campaign raises critical funds to cover the pre-development costs of new affordable housing projects. These funds are essential to get projects off the ground. Your donation will directly support turning the dream of affordable housing into a reality. (Non-cash giving is also possible. Contact HODC for more information.)
Together, we can create a future where everyone has the opportunity to thrive in a safe and affordable home.
