How housing tech can unlock opportunity for community stakeholders

We’re in the midst of an affordable housing crisis that has only intensified at the start of the pandemic. Consider this: housing is a basic human need but finding affordable housing options, especially in popular cities throughout the U.S., has become increasingly difficult.

In fact, nearly half of the 43 million renter households in the U.S. are what we call “housing cost-burdened,” which means that these renters spend more than 30 percent of their paychecks on housing alone. Severe cost-burdened renters are spending over half of their income on housing.

While U.S. housing policy has focused on supply constraints and attempted to alleviate this growing problem, it’s abundantly clear more needs to be done for marked progress to be made. Community stakeholders may hold the key to furthering that progress and unlocking the opportunities that exist for smart development on the local level within each of their municipalities.

Roadblocks ahead
One of the major problems that plagues new development projects is that it often takes many years to get off the ground, but our need for new housing is now.

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