Strategic Plan Priorities
Quality Housing | Economic Development | Workforce Development | Equity & Inclusion | QOL Planning
Affordable Housing as a Pathway Towards Economic Mobility
Crooked Creek Northwest CDC recognizes affordable housing as the first rung on the ladder towards upward fiscal stability and progress. Affordable housing spurs economic development in communities, yields new jobs while also supplying a workforce, generates tax revenue, and stimulates neighborhood economies.
Despite possessing poverty rates that mirror those of Indianapolis’ inner-city neighborhoods, the CDC’s service area uniquely sandwiches disinvested nodes between high net worth households thus creating an illusion of financial stability, security, and prosperity. In many areas, nearly 30% of residents live in poverty, more than 50% are housing-cost burdened, majority of the populations earns less than the Marion County median income.
Research shows that affordable housing is a priority for creating and sustaining economic agility and strongly suggests that one’s ability to attain opportunities is inherently associated with the community where they live, work, and play. The social capital gained as a result of affordable housing means families earn more and live healthier, happier, longer lives.