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The HUB of Social Equity Enterprises Impacts
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The HUB of Social Equity Enterprises Impacts
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Our Mission Purpose
After 16 years of serving adults with disabilities, Choosing Independence embarked on launching its development arm at the beginning of 2019. Since then, Choosing Independenc.inc has initiated a 37-unit development in Monroe, Louisiana Launched in 2023. A 129-acre project in Edgard Louisiana launched in 2024, and smaller projects in Los Angeles County. These projects are scheduled to break ground in the summer of 2025.
Circle of Friends
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Why Our Services Are Needed
According to data from the National Low Income Housing Coalition, the United States currently faces a significant shortage of affordable rental housing, with a gap of over 7 million units needed for extremely low-income renters, meaning those earning at or below 30% of their area's median income.
Only 34 affordable rental homes available for every 100 extremely low-income renter households nationwide.
Severe cost burden:
- A large portion of extremely low-income renters are "severely cost-burdened," spending more than half their income on housing costs.
- State variations:The availability of affordable housing varies significantly across states, with some regions having a much higher shortage than others.
Impact of minimum wage:
- No state or county currently allows a full-time minimum wage worker to afford a two-bedroom apartment.
Other Factors contributing to low-income housing issues:
Rising housing costs:
- Median rent in many areas has increased significantly faster than median renter income, making affordable housing harder to find.
Limited housing supply:
- A lack of available affordable housing units due to factors like gentrification and limited new construction.
Discriminatory practices:
- Historical practices like redlining have contributed to concentrated poverty in certain neighborhoods, disproportionately affecting minority communities.