Effective date: August 19, 2024
Life-changing effects of housing support
Healthier mental well-being
Mason, K. E., et al. “Housing Affordability and Mental Health: Does the Relationship Differ for Renters and Home Purchasers?” Social Science & Medicine, vol. 94, Oct. 2013, pp. 91–97. doi:10.1016/j.socscimed.2013.06.023.
https://pubmed.ncbi.nlm.nih.gov/23931950/
Fewer symptoms of depression
Fitzpatrick-Lewis, D., et al. “Effectiveness of Interventions to Improve the Health and Housing Status of Homeless People: A Rapid Systematic Review.” BMC Public Health, vol. 11, no. 1, 2011, p. 638. doi:10.1186/1471-2458-11-638.
https://pubmed.ncbi.nlm.nih.gov/21831318/
More hopeful outlook
Mercado, M. “The Intersection of Housing and Mental Well-Being.” BMC Psychology, vol. 9, no. 1, 2021, p. 50. doi:10.1186/s40359-021-00556-w.
https://pmc.ncbi.nlm.nih.gov/articles/PMC8005844/
Boosted self-esteem
Fenelon, Andrew, et al. “Does Rental Assistance Improve Mental Health? Insights from a National Longitudinal Study.” Housing Policy Debate, vol. 31, no. 3–5, 2021, pp. 421–439. doi:10.1080/10511482.2020.1836436.
https://pmc.ncbi.nlm.nih.gov/articles/PMC8299474/
Stronger sense of belonging
Ige-Elegbede, J., et al. “The Impacts of Housing Conditions on Physical and Mental Health.” Frontiers in Environmental Health, vol. 2, 2024, Article 1352580. doi:10.3389/fenvh.2024.1352580.
https://www.frontiersin.org/articles/10.3389/fenvh.2024.1352580/full
Enhanced emotional resilience
Mercado, M. “The Intersection of Housing and Mental Well-Being.” BMC Psychology, vol. 9, no. 1, 2021, p. 50. doi:10.1186/s40359-021-00556-w.
https://pmc.ncbi.nlm.nih.gov/articles/PMC8005844/
Stronger social connections
Ige-Elegbede, J., et al. “The Impacts of Housing Conditions on Physical and Mental Health.” Frontiers in Environmental Health, vol. 2, 2024, Article 1352580. doi:10.3389/fenvh.2024.1352580.
https://www.frontiersin.org/articles/10.3389/fenvh.2024.1352580/full
Greater financial confidence
Ludlow, Thomas, et al. “Incorporating Financial Hardship in Measuring the Mental Health Impact of Housing Stress.” arXiv preprint arXiv:2205.01255, 2022.
https://arxiv.org/abs/2205.01255
Improved coping skills
Mercado, M. “The Intersection of Housing and Mental Well-Being.” BMC Psychology, vol. 9, no. 1, 2021, p. 50. doi:10.1186/s40359-021-00556-w.
https://pmc.ncbi.nlm.nih.gov/articles/PMC8005844/
Expanded opportunities for wealth-building
Di, Zhu Xiao. The Role of Housing as a Component of Household Wealth. Joint Center for Housing Studies, Harvard University, Working Paper W01-6, 2003.
https://www.jchs.harvard.edu/sites/default/files/w03-5_di.pdf
Chowa, Gina A. N., Michal Grinstein-Weiss, and Adrianne M. Casalotti. “Individual Development Accounts for Housing Policy: Analysis of Individual and Program Characteristics.” Housing Studies, vol. 36, no. 8, 2021, pp. 1197–1219. doi:10.1080/02673037.2020.1839129.
https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8635301/
U.S. Department of Housing and Urban Development. Wealth Accumulation and Homeownership: Evidence for Low-Income Households. Office of Policy Development and Research, 2010.
https://www.huduser.gov/publications/pdf/wealthaccumulationandhomeownership.pdf
Habitat for Humanity International. Evidence Brief: Wealth-Building for Homeowners. 2021.
https://www.habitat.org/sites/default/files/Evidence-Brief_Wealth-building-for-homeowners.pdf
Oro boost employee satisfaction and retention
67% of employers say housing costs hurt their ability to retain and recruit qualified people.
Massachusetts Housing Partnership (MHP) and Dukakis Center for Urban and Regional Policy, Northeastern University. The Housing Stability Dividend: Measuring the Benefits of Stable Housing for Families, Communities and Taxpayers. Apr. 2017.
https://www.mhp.net/assets/resources/documents/MHP-Report-Final_042817.pdf
86% of renters want to buy a home and can’t afford to.
SSRS and CNN. More than Half of American Renters Who Want to Buy a Home Fear They’ll Never Afford One. Mar. 2024.
https://www.documentcloud.org/documents/25020045-more-than-half-of-american-renters-who-want-to-buy-a-home-fear-theyll-never-afford-one/
90.9% of employees say that trying to buy a home impacts their productivity.
Multiply Mortgage. The Future of Employer-Assisted Housing: How Businesses Can Address Housing Insecurity to Unlock Employee Productivity and Retention. White paper, May 2025.
https://cdn.prod.website-files.com/65cbd5c901ff522ae58acbe8/6859997440736da95f3aae35_MultiplyMortgage_whitepaper2025-05%20(1).pdf