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Housing Affordability Act Case Study

2187 Words9 Pages

The housing affordability in the Washington D.C. area has not been up to par in accordance to the Housing Affordability Act. The Housing Affordability Act is meant to reduce housing cost for low-income households, but the opposite effect has been taking place over the past decade. A large amount of low end, hard workers of the city are struggling with budgeting with the continued rise of rent they owe each month. While there is an issue with low-income household affordability and statistical data show ongoing rises to the rents and ownership, there are effective solutions that can improve low-income living and the city’s economy as well. The city’s government has been under fire due to the lack of effort to improve the lives of the lower …show more content…

In turn, this created a higher demand for expensive housing, which hiked up the overall housing market (Sturtevant & Artemel 2010). The city overall, a highly economical area overall for high income jobs, has been growing greatly. This means that there needs to be homes that support high-income households as well. The growth equality of the city’s citizens has been a struggle to balance, and every function city needs to have all classes of citizens working to help the economy succeed for a long-term basis. Lower class citizens are leaving the area for a less expensive means of living, which means the Washington economy is decreasing with less spending. Efforts to save on housing expenses often lead to higher transportation costs, with the result that an even larger portion of household budgets is consumed by the combined burden of housing and transportation costs” (Beltway Burden, 2009). On page seven of the same article, it portrays data that show where the highest monthly housing cost is concentrated in Washington. The data shows that most of the highest rent is concentrated in the heart of the city and less expensive on the outskirts of the city. Households are trapped in areas close by Washington D.C. due to the job needs and high transportation further out of the city. A change needs to be implemented regulate the economy and decrease the burden on households with small

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The article discusses New York City’s struggle to correctly budget and allocate money to solve the housing shortage it is facing. The importance of the article is that as a manager, it can be extremely difficult to appease all parties involved. The Adams administration has to figure out a way to develop new affordable housing with the current public policies. They need to generate housing without raising taxes too much, or else the citizens of New York will be extremely unhappy.

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However, there is no guarantee these projected economic boosts would occur. This is because homelessness is a wicked problem, and its increase in Seattle does not mean the status quo is failing (Moore, 2003). For instance, without GCC more homeless will be relegated to the streets. This could in turn hamper SIP’s job training efforts and make the neighborhood less desirable for future investment, counter to the whole goal of the policy!

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Hawaii’s cost of electricity for the residential sector is the highest in the nation at 37 cents per kilowatt hour, which is more than three times the national average of 12 cents and twice as much as the cost of electricity in Alaska, the second most expensive state. Because many people sacrifice proximity to work to find affordable housing, including the costs of commuting provides a more comprehensive metric of affordability. When housing combined with transportation costs exceeds 45 percent of a household’s income, they are considered cost-burdened. When Honolulu’s transportation costs are figured in, the average expenditure for housing and transportation costs is 61 percent of income. For moderate-income households, three out of four moderate-income households in Honolulu are cost-burdened when considering both housing and transportation.

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Wealth is one of the factors why residential segregation is an increasing problem. Golash- Boza explains, “Residential segregation happened when different groups of people are sorted into discount neighborhoods” (271). It is because of housing segregation

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In the article, author said, “As a result of gentrification, low income residents in the area have greater opportunities to bridge the income gap while achieving self-improvement and a higher standard of living.”, which I

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US cities have oodles of high rise housing available yet still lack affordable housing options. This article talks about in the US as a whole, how we have so many high rise luxury towers that have units sitting empty, while what we really need is more housing for working and lower class families. These expensive high rise units generally replace older buildings, which are more affordable for lower class families. Most families do not choose to live in high rise housing units because they are either too small, not convenient, or too expensive. Some other factors can include that there are poor schools, if there are any in the area, and that there is not as much open space for children and animals to run and exercise, like they should.

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The National Association of Home Builders estimates that building 100 new affordable housing for households which have low income, contributes to the creation of 80 jobs from the direct and collateral effects of construction and 42 jobs supported by the induced effects of the spending (Wardrip, Williams & Hague, 2011). By building affordable housing, people can be in a sizeable and sustainable condition, more opportunities to increase the character of life in order to avoid the unemployment, and especially reduce

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Gentrification is the process of renovating and improving a house or district so that it conforms to middle-class taste. Real Estate investors usually take low-income places that they feel have a chance to prosper economically, and turn them into areas that attract the middle and upper class workers. In doing so they feel like the low-income areas will be safer and more appealing, attracting more people to visit and live there. An improvement to a poor district sounds beautiful, but is gentrification as great as it’s sought out to be? Many residents have their doubts about gentrification due to the idea that the costs of their living will go up and they will be driven out of their neighborhoods.

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A lack of affordable housing and the limited scale of housing assistance programs have contributed to the current housing crisis and to homelessness. The National Low-Income Housing Coalition estimates that the 2017 housing wage is $21.21 per hour, exceeding the $16.38 hourly wage earned by the average renter and greatly exceeding wages earned by low income renter households (NationalHomeless. Org). Today, 11 million extremely low-income households pay at least half of their income toward housing, putting them at risk of housing instability and homelessness. The solution to housing the homeless is straightforward.

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