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THE CHALLENGE
 HomeStretch is faced with the daunting challenge of providing quality, attractive, low- cost housing for a growing population of low-income families. Area wages are not keeping pace with rapidly rising real estate costs, making it very difficult for the region’s working families to afford adequate housing.
A lack of low-cost housing in local communities results in negative economic and social impacts, including labor shortages, high absenteeism, urban sprawl, financial hardships for working families, and increased homelessness.
Recent reports released by the National Low Income Housing Coalition, the Housing Assistance Council, and the Center for Housing Policy state that a strong economy has done little to meet the need for affordable housing - especially for working families
GUIDING PRINCIPLES
HomeStretch adopted seven Guiding Principles that are used in the planning and development of affordable housing projects.
- HomeStretch will focus on homeownership developments.
- HomeStretch will participate in rental developments with partners that can provide property management services.
- HomeStretch will focus on building housing that serves the needs of households at 80% or less of the Area Median Income (AMI.)
- Wherever possible, HomeStretch housing will be located on existing infrastructure and near work sites and essential services such as schools, medical facilities, public transportation, and retail areas.
- HomeStretch will collaborate with private, public, and nonprofit partners to fulfill its mission - Build Affordable Housing.
- HomeStretch is committed to the long-term affordability of its housing
- Whenever possible, HomeStretch will follow the planning and design principles contained in the New Designs for Growth guidebook.
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