Our Mission
Making Affordable Housing a Reality for Everyone
At Momentum Housing, our mission is simple yet vital: to provide safe, quality, and affordable housing to low-income and moderate-income individuals and families.
We’re committed to being part of the solution to one of the most pressing challenges facing our nation today—the shortage of affordable housing.
The Nationwide Need for Affordable Housing
The United States is facing a critical shortfall in affordable housing, a challenge that has only deepened in recent years. According to the National Low Income Housing Coalition’s (NLIHC) 2024 report, the country is short by 7.3 million affordable and available rental homes for extremely low-income renters. For every 100 such households, there are only 34 affordable homes, leaving millions without access to adequate housing.
The pandemic exacerbated this crisis, with the shortage of affordable units increasing by more than 480,000 units between 2019 and 2022. As a result, nearly three-quarters of extremely low-income renters now spend over half of their income on housing, leaving little room for essentials like food, healthcare, and education.
The affordable housing crisis disproportionately impacts minority communities, reflecting broader systemic inequities. Black, Latino, and Indigenous households are far more likely to experience severe housing cost burdens. This disparity underscores the need for equitable housing solutions that address both the shortage and the systemic barriers that contribute to housing insecurity.
Challenges in Addressing the Crisis
Tackling this issue is no easy feat. The housing industry faces numerous obstacles, including:
- Rising Construction Costs: Skyrocketing material and labor costs make it difficult to build affordable housing without substantial subsidies.
- Limited Funding: Federal and state budgets often fall short of providing the necessary funding for affordable housing initiatives.
- Zoning Restrictions: Local zoning laws frequently restrict the construction of multi-family or low-income housing, exacerbating the shortage.
- Preservation of Existing Units: Many affordable housing units are at risk of conversion to market-rate housing, further reducing the supply.
Despite these challenges, there is hope. Comprehensive policy interventions, such as increased funding for affordable housing development, expanded rental assistance programs, and the preservation of existing affordable units, are essential to closing the gap.
Contact Us Today
The affordable housing crisis affects us all. When families have access to stable housing, they can thrive—building brighter futures and stronger communities. At Momentum Housing, we’re proud to be part of the solution. Please feel free to reach out if you would like any additional information, and our team will contact you as soon as possible.
Momentum Housing’s Role
At Momentum Housing, we’re not just aware of these challenges—we’re actively working to address them. We aim to make a tangible difference, one family at a time. Whether it’s through the development of new affordable housing units or the preservation of existing ones, our efforts are rooted in the belief that everyone deserves a safe and affordable place to call home.
