The Impact Of Affordable Housing On Community Development And Economic Growth

This article provides an in-depth analysis of affordable housing’s economic and social benefits, examining its role in job creation, community revitalization, and enhancing quality of life. It describes the successes and challenges of affordable housing initiatives through detailed case studies such as Texas's regional strategies and Denver’s community-centered programs, international communities, and journal reviews of professional articles. The discussion addresses significant policy frameworks, including innovative financing methods like housing bonds and tax incentives, and sustainable building practices' importance. The article concludes with a call to scale affordable housing nationally, stressing its potential to stimulate long-term economic growth and foster diverse, inclusive communities

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Publication Details

Journal
IOSR Journal of Mechanical and Civil Engineering
Published
2024-12-01
DOI
https://doi.org/10.9790/1684-2106023140
Primary Topic
Housing Market and Economics
Type
article
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article

The Impact Of Affordable Housing On Community Development And Economic Growth

Karl J. Friston
IOSR Journal of Mechanical and Civil Engineering
Housing Market and Economics
article

The Impact Of Affordable Housing On Community Development And Economic Growth

Karl J. Friston
article en

Abstract

This article provides an in-depth analysis of affordable housing’s economic and social benefits, examining its role in job creation, community revitalization, and enhancing quality of life. It describes the successes and challenges of affordable housing initiatives through detailed case studies such as Texas's regional strategies and Denver’s community-centered programs, international communities, and journal reviews of professional articles. The discussion addresses significant policy frameworks, including innovative financing methods like housing bonds and tax incentives, and sustainable building practices' importance. The article concludes with a call to scale affordable housing nationally, stressing its potential to stimulate long-term economic growth and foster diverse, inclusive communities

IOSR Journal of Mechanical and Civil EngineeringVol. 21(6)
Decent work and economic growth
Openalex Percentile: Top 73%
Housing Market and Economics
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