The generally accepted definition of affordable housing is that a household, made up of one or more individuals, should pay no more than 30% of it’s annual income towards their housing costs. When housing costs exceed this threshold, basic needs and other necessities like food, clothing, transportation and medical care become harder to afford.
According to the U.S. Department of Housing and Urban Development, an estimated 12 million households in the United States pay more then 50 percent of their annual incomes towards housing, and a family with one full-time worker earning the minimum wage cannot afford the local fair-market rent for a two-bedroom apartment anywhere in the United States.
Everyone! Low income individuals, families, veterans, people with disabilities, and folks living on fixed income all benefit from affordable housing.
Every year Front Steps case managers move an average of 200 homeless men and women off of Austin’s streets and into safe & stable housing. As rental prices continue to rise that effort becomes increasingly difficult to maintain. Our ability to help break the cycle of homelessness depends on the availability of affordable housing.
Join us and other community members in aiding the Keep Austin Affordable campaign. Keep Austin Affordable is a coalition of business, faith and community leaders calling for investment in affordable housing by putting city bonds back on the ballot in November 2013.
Keep Austin Affordable staff is offering an information/action forum at the Austin Resource Center for the Homeless (ARCH) to bring Austinites together on the issue funding affordable housing. If we want to keep Austin a city that is livable, healthy, happy, and affordable, we must start working together. On Thursday, May 23, engaged community members will share information on the campaign to put a housing bond election on the November ballot.
Follow the Keep Austin Affordable campaign on Facebook and Twitter, using the hashtag #KeepATXAfford, and visit their website to read more stories of success and economic benefit from the investment in affordable housing.