Affordable homes — in acute shortage for the extremely-low-income community

  1. High competition: Extremely-low-income renters need to compete with higher-income households. In the private market, homes affordable to extremely-low-income renters are not necessarily available to them. This is because higher-income households occupy rental homes affordable to lower-income households.
  2. Housing cost burden: The cost of housing, including rent and utilities, is considered a burden when it consumes more than half a household’s income.
  • Launching a national housing stabilisation fund to provide emergency assistance
  • Expanding the housing choice voucher programme
  • Protecting the supply of affordable homes for the lowest-income renters
  • Making a sufficiently large capital investment for rehabilitation and the preservation of subsidised and public housing
  • Providing housing assistance to all income groups, irrespective of immigration status
  • Supporting partnership with and building the capacity of community-based organisations
  • Creating awareness and prioritising outreach to all communities to ensure equal access to emergency resources

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We write about financial industry trends, the impact of regulatory changes and opinions on industry inflection points. https://www.acuitykp.com/

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Acuity Knowledge Partners

Acuity Knowledge Partners

We write about financial industry trends, the impact of regulatory changes and opinions on industry inflection points. https://www.acuitykp.com/

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