Greater Albuquerque Housing Partnership

A 501(c)3 Nonprofit

Importance of Housing Affordability

One mark of a successful city or community is great diversity. Diversity of culture, age, economy and industry are among some of the greatest assets, as are diversity of income, social status, and housing. Some of the most beautiful and livable places in the country are a mix of housing types and income levels. Affordable housing plays a key role in defining a successful city, however many of us tend to overlook this important asset and fail to consider the consequences of neglecting quality affordable housing.

There are many reasons that affordable housing is important:

  • Everyone should be able to afford a quality home

  • There is a great need for quality, affordable housing: see the Facts and Stats here

  • Affordable housing creates diversity: through promoting a variety of demographics, affordable housing interrupts uniformity and homogeneity. Affordable housing creates communities with a rich mix of culture, socio-economic circumstance, age, and education. This diversity of people in-turn produces a diversity of development generating unique shops, entertainment venues, restaurants, schools, and recreational facilities. 

  • Stable housing is healthy: much research has been done linking the importance of stable, quality housing on people's health and wellbeing. Children who come from stable, quality homes are more likely to succeed academically and socially, and adults in stable, quality homes are more likely to succeed educationally and in their career. Likewise, a lack of affordable housing contributes to substandard living conditions. Such conditions can cause numerous health problems including asthma, frequent illness, obesity, behavioral problems, stunted growth, and poor school performance.

  • Decreased commute times and transportation costs: the lack of affordable housing options within a city contributes to the growth of cheaper, peripheral communities. Living in these areas force longer travel distances to and from work, school, and shopping, and make it harder to access public transportation.