Families all across the United States are paying too high a price to cover the cost of their home. Rent and homeownership costs are skyrocketing, while wages are not keeping pace. Far too often, families struggle to make ends meet. Everywhere you look—cities, suburbs, rural areas—the stability that a home should bring remains out of reach for far too many families. At Habitat for Humanity, we know that a family should never have to spend more than 30 percent of their income on a home. Yet today, nearly 19 million U.S. households pay half or more of their income on a place to live.
That is unacceptable.
That means that 1 in 6 families are denied the personal and economic stability that safe, decent and affordable housing provides. Instead, these families are forced to make impossible choices.
Safe homes. Nutritious food on the table. Health care. Access to good schools. Reliable transportation.
Which would you choose?
Your home shouldn’t cost you anywhere near half your paycheck. Your home shouldn’t cost you your health. Your home shouldn’t cost you your kids’ education. When the cost of a home is your family’s future, the cost is too high. That’s something none of us can afford.
We know the complexities that surround the cost of a home. We also know the struggle, stress and pain that far too many families face in our communities. And we recognize that those with the fewest resources are often forced to make the hardest choices. The time has come to take a stand and declare our commitment: Habitat for Humanity will work to ensure that no family has to pay more than half of their paycheck to cover the cost of a home.
Over the next five years, we are committed to mobilizing our local Habitat organizations, our partners, our volunteers and community members across the country to identify solutions and help implement the policies that will allow 10 million individuals to meet their most basic needs. Everyone deserves the opportunity to build the foundation for a strong, healthy future for themselves and their families — no matter where they live or how much money they earn. Every family deserves the chance to thrive.
You can help us make that possible. Together, we can make the #CostOfHome something we all can afford.