For over half a century there have been major strides in increasing housing through government support and private investment in communities, all with the goal of providing opportunities for people to have decent, safe and affordable housing. The location of one’s home has direct and indirect implications when it comes to health, education, job access, transportation, stability, and the opportunity for individuals and families to prosper.
Technology Offers Accessibility
Technology is an integral part of communicating and giving people the power to excel in their lives. Whether it is connecting with friends and family on social apps, banking, video conferencing, shopping, or finding a home, technology is critical and provides increased accessibility through its use. In fact, it’s near impossible to navigate even the most basic tasks without the internet or a smartphone.
With construction costs increasing, inflation rising, median home prices at an all-time high, and the Affordability Index at an all-time low, technology can help streamline processes to minimize bottlenecks, reduce costs, and provide broader access. From modular homes to accessory dwelling units (ADUs) to construction efficiencies, technology is fundamental to increasing productivity and affordability.
What Do We Mean by Affordable Housing?
There is a common misconception that affordable housing refers to low-income housing, subsidized housing, or public housing. Affordable housing refers to housing that is manageable for middle-income buyers. Occasionally, this is referred to as attainable housing. Whatever you call it, we are talking about average, middle-class people–probably like you, your neighbors, and your family.
To achieve broader affordable or attainable housing, leaders across the country must join forces. This includes everyone who can have an impact and advocate for laws and policies designed to increase access to housing opportunities. We need elected officials, investors, developers, PropTech partners, associations, and industry practitioners to help remove legal, regulatory, and systemic barriers that prevent access to fair and affordable housing.
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