Affordable Housing 101 Workshop (2/18/21)
Housing: A Fundamental Need
Every individual can relate to the need for decent, safe, and affordable housing; it is fundamental to physical and mental health. Our particular housing needs and unit size/room change as our lives evolve, and the financial means we use to secure and maintain our shelter also change.
Many households manage the process of housing transitions with relative ease, bolstered by a good education, hard work, careers that are well compensated, careful planning, and support from family or financial institutions. Having a home that works for one’s family allows us to focus on other priorities like helping our children develop, advancing our careers, and developing our full potential as individuals.
However, a flood, tornado, fire, recession, job loss, illness, divorce, death of a spouse, or a pandemic can threaten anyone’s housing stability. For those individuals and families who live paycheck to paycheck, housing stability may be elusive.
Every community demonstrates its values through policies, practices, and daily actions. Over time we adjust our goals and plans to adapt to our changing environment and to create a productive, sustainable, and attractive culture and business environment. We strive to achieve a community that is welcoming to residents who have diverse perspectives and life experiences so that we can learn from each other and support our shared goals.
Diversity in Housing Stock
Diversity in available housing stock enables residents and workers alike to adapt to changing life circumstances. It allows us to remain an important contributor to our community as we’re building a family, returning to our family, or managing the loss of a loved one or income.
As housing costs and property taxes rise at a higher rate than income, everyone in our metropolitan area feels the financial strain. Households across income levels are paying greater than 30% of their annual earnings on housing, some spending more than 50% of earnings. While we can’t accurately predict how long we will experience the negative financial impact of the coronavirus pandemic, we can act as a community to build resilience by increasing diversity in housing configuration and affordability.
2018-2019 Housing Affordability Study
The League of Women Voters of Glenview-Glencoe recently studied the question:
“Does the 2015 Glenview Affordable Housing Plan and its implementation meet the needs of residents and the workforce?”.
We invite you to read the LWVGG 2018-2019 Housing Study and join us in a campaign to educate ourselves about housing diversity and affordability in Glenview.