Advisory Center for Affordable Settlements & Housing

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USA: Housing as a Platform for Improving Financial Capability

The affordable housing sector is made up of hundreds of nonprofits, public and private sector players and stakeholders who work both independently and collectively to create, preserve, and manage affordable rental housing. Key players include nonprofit affordable housing providers whose primary mission is to provide safe, quality rental homes for low income families, the elderly, and the disabled. It is not uncommon for affordable rental housing providers to take on many roles at once; a developer may also manage properties, or outsource this function to other entities. Providers can plan, finance, develop and/or operate affordable housing properties, and, increasingly, some property managers are providing additional community services to residents, such as health and wellness, parenting or computer literacy courses. Many nonprofit providers have broadened their mission focus beyond simply providing safe and adequate housing to include services to improve and impact other facets of a resident’s life, such as health or education.

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