Affordable housing is in substandard condition. The high cost of materials inhibits rehabilitation and repair. Some existing homes are deteriorating because owners do not have the financial resources for repair and maintenance, especially the elderly and others on fixed incomes. Many of these people live in older homes that require more costly repairs. The Gap Between Incomes and Housing Costs Is Growing .
People earning low wages or on fixed incomes have limited housing choices.
High-value new construction is increasing the cost of housing for lower income individuals. Limited land available for development and rising real property taxes contribute to increased housing costs. Are Unaware of Available Options . Some potential first time homebuyers are unfamiliar with the home buying process or are not sure they can take on the responsibility of homeownership. New homeowners are not always aware of their rights and responsibilities as owners or what is required for adequate maintenance and repair.