While the vast majority of Americans feel stable and secure in their current situation, housing insecurity touches nearly half of adults at some point in their lives. A majority of Americans believe that it is challenging to find affordable quality housing in their communities, and more than half of all adults say they have made at least one trade-off in order to cover their rent or mortgage. Such trade-offs may include taking second jobs, cutting back on health care and healthy food, and moving to less safe neighborhoods.
Housing instability — including frequent moves, overcrowding, and the threat of eviction or foreclosure — creates stress, depression and hopelessness for far too many families.
Adults living in housing that they struggle to afford often describe themselves as less healthy, and the well-being and development of millions of children is compromised by living in insecure housing.
Families paying too high a percentage of their income for housing often find themselves making impossible choices. Rent or health care? Food or transportation?
A decent and affordable place to live helps families by freeing them from such physical and mental hardships and placing them on a path of new opportunity and increased confidence and self-reliance. A family’s partnership with Hanover Habitat means they have a stable place to live and to spend time together. An affordable mortgage means they have a chance to create savings and invest in their lives. A decent roof over their heads establishes home as a place that protects — instead of endangering — their health.
Habitat works with families to help them acquire the access, skills and financial education necessary for them to be successful homeowners. By partnering with us, families seize the opportunity and possibility that decent, affordable housing represents. Through shelter, we empower.
Affordable homeownership helps create the conditions that free families from instability, stress and fear and encourages self-reliance and confidence. Studies show that strong and stable households are foundational to child development and growth. When a home fosters — instead of hinders — health and safety, families can flourish. Owning an affordable home also allows homeowners to lift up their entire family by saving for their futures and investing in educational opportunities — bolstering job opportunities and long-term career growth.**
By working to increase housing affordability here in Hanover, we help families secure a foundation from which to grow and thrive. And we help reinforce the economic and social fabric that binds us all.
** Links lead to Habitat International Website