Stable Homes : Stable Futures
Many Americans are struggling with housing stability because of the affordable housing crisis and it’s only getting worse. We are facing a 18,000 unit shortage in affordable housing units, but affordable housing is more than bricks-n-mortar and the actual payment of rent or a mortgage. Your living situation influences how much you have to pay for transportation, utilities, and in some cases food, childcare, insurance, and emergency services. A persons already over-extended disposable income is taxed even further by exorbitant ancillary costs. By better controlling these additional costs, we can help make more equitable housing accessible for cash-strapped citizens.
It’s expensive to be poor.
Our Reconstruct Challenge is a national challenge identifying innovative approaches to solve some of these critical issues many people face. By better controlling these additional costs, we can help make more equitable housing accessible. By reconstructing the systems that cause high ancillary housing costs, stability is more attainable. If these concepts incubated in Louisville and Southern Indiana are proven successful, we will help them scale, alleviating housing insecurity across our region.
If you have a new idea related to decreasing the gap in affordable housing or want to learn more about the work we are doing with affordable housing, check back in February 2019 when we officially launch this BetaLab!