Understanding the problem is the start
of the solution.
Our goal is to help with the ownership end of the housing need spectrum by creating accessible, affordable homes for purchase.
We are focusing on solutions to overcome the persistent & systemic issues driving housing insecurity.
Create micro enterprise
to overcome income needs.
Prioritizing those who've lacked needed resources.
Making work an outlet for community transformation.
Choosing local leaders, first, from those we serve.
Availability of homes and income levels are the two biggest driving factors of housing affordability.
This only gets more complex when these issues exist in a consumer environment that values bigger homes, less density, and less persons per household.
# of Adults Living Alone in last 50 years ¹
1970 to 2021 ²
Home Starts since 2008 ³
New Home Costs since 2020 ⁴
Low supply and high demand is driving prices up.
People want bigger homes. They want them on larger lots.
Less homes get built with less density.
And, material and labor costs to build new homes increased 42%.
All affects marginalized communities at larger rates.
Decrease in new home construction after Great Recession of 2008 has slowed things further.
Before 2008: 2m new housing starts per month;
Now: 1.5m new housing starts per month
The pandemic has slowed things further and increased the costs to build homes decreasing supply—labor, materials shortages; recent increase in interest rates.
Additionally, there has been a decrease in Manufactured and Prefabricated Homes—Fewer firms making these types of homes: In 1990 there were 100 corporations making the homes in 250 different plants. Today, there are only 45 corporations and 123 plants.
↓ Interest Rates drive↑Home Prices
of Homes Matters
for mortgages radically favor minority races, especially our black neighbors ⁷
Denial rates for mortgages in the United States from 1st quarter 2019 to 3rd quarter 2022, by race
Income levels across the nation have a drastic disparity with the rising cost of both Homeownership and Rentals.
The growth rates are drastically growing apart. Seen in the graph below. Additionally, overcoming these issues if you are of a minority racial group is exceptionally difficult.
Pressures with COVID, war, etc drive costs ⁵
is difficult with income & rental-to-ownership barriers ⁶
far outweigh that of majority races, especially for black neighbors