Lack of housing means an increased burden on employees to find affordable places to live. About half of Tulsa renters are cost burdened, meaning they spend more than 30% of their income on housing.
Affordable housing is an investment in our community’s economic backbone. It ensures that employees have stable living conditions, reduces turnover costs, and stimulates local spending.
The scarcity of housing means lower-income employees live further from their work, stressing infrastructure and causing longer commutes and more traffic.
Employers end up losing that employee to another business closer to home and have to spend more to attract talented workers. Affordable housing means a more reliable workforce and long-term cost savings to business owners.
Improved health outcomes: People who live in stable housing are more likely to have access to healthy food, exercise, and healthcare. A healthy employee is an effective employee.
Reduced crime rates: Studies have shown that affordable housing can help to reduce crime rates in communities.
Unleash customer spending: Housing costs are tightening every Tulsan’s budget, leaving little or no disposable income. Housing not only solves homelessness, it allows increased spending for all Tulsans. A family who spends less on housing has more money for healthier food choices, entertainment, back-to-school shopping and much more.