Google does it again. Raising the bar and setting an example for other companies. Providing jobs also means providing affordable housing. The tech giant is teaming with Housing Trust Silicon Valley to back two affordable housing projects. Read more.
This article discusses one of the challenges of affordable housing. Retaining existing housing means identifying money to repair and maintain those existing homes. Philadelphia’s Belinda Eldridge applied for a home repair grant that helped pay for her new roof, plumbing and electrical work.
In Hoboken, the 1988 Affordable Housing Ordinance (AHO) aims to counter the historical gentrification that has affected Hoboken’s diverse demographic. As with many communities, Hoboken is struggling to provide the affordable housing that will help it maintain its culture and diversity.
Stanford economist Raj Chetty found that children who moved to lower poverty neighborhoods saw their earnings as adults increase by approximately 31%, an increased likelihood of living in better neighborhoods as adults, and a lowered likelihood of becoming a single parent. Children living in stable, affordable homes are more likely to do well in school and have opportunities to learn outside the classroom.
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