The Impact of Affordable Housing

Financial Benefits

  • Build Equity – Each mortgage payment helps build ownership and long-term financial value in their home.

  • Affordable Housing Costs – Habitat structures housing payments to be affordable based on household income.

  • Build Long-Term Wealth – Homeownership can provide financial stability and an asset that may increase in value over time.

Health Benefits

  • Homeowners’ health costs tend to go down. 

  • Homeowners experience less stress, and feel more safe and secure. 

  • Homeowners’ physical well-being tends to improve.

Educational Benefits

  • Children whose parents own their home have better attendance and graduation rates in Racine and Kenosha Counties. 

  • Parents feel more confident in funding their child’s college education. 

  • Adults are more likely to invest in their own education. 

Community Benefits

  • Homeowners are more likely to be civically engaged. 

  • Vacant lots and abandoned houses are revitalized, adding value to the neighborhood and increasing the property tax base. 

  • More affordable housing leads to more businesses, and more job opportunities.