Affordable Housing Trusts
Having a home is foundational to living a healthy, full life. But across the U.S., affordable housing shortages persist, rates of homelessness continue to rise, and more people are at risk of eviction. Affordable Housing Trusts policies are a community-driven way for cities to invest in building and maintaining affordable housing for everyone. They can also make our communities more inclusive by ensuring all people — no matter their income — have access to affordable housing.
The Affordable Housing Challenge
- Today, one in four renters, or 10.9 million people, spend more than 50% of their income on housing.
- More than 500,000 people experience homelessness on any given night.
- According to the National Low-Income Housing Coalition, 7.2 million more affordable housing units are needed for extremely low-income people.
- Poor health outcomes associated with housing costs, quality, stability, and neighborhood context are much more likely to affect people of color as well as low-income and vulnerable populations.
A Healthy Solution: Affordable Housing Trusts
- Promotes Inclusion – Affordable Housing Trusts can help our communities be more inclusive by serving groups that experience the poorest health outcomes due to housing instability, cost, or quality.
- Reduces Household Energy Use – Affordable Housing Trusts can help households reduce energy use for heating and substantially reduce household contributions to climate impacts and pollution.
- Leverages Outside Investments – Affordable Housing Trusts are a community-driven way to invest revenue to meet a variety of community needs. Local housing trusts have also been highly effective in leveraging additional funding, with some cities multiplying funds by more than 18 times for affordable housing.
Measuring cities’ Affordable Housing Trusts policies
|How will we award affordable housing trusts medals?||Bronze Medal||Silver Medal||Gold Medal|
|City has established an affordable housing trust fund.|
|City policy includes a multi-stakeholder oversight board.|
|City policy identifies or establishes a dedicated revenue source to fund the trust, which is not tied to annual appropriations or the budgeting process.|
|City policy references affordability levels.|
|City policy requires regular evaluation and public reporting on how trust funds have been spent and on how those funds have contributed to affordable housing objectives.|