The Role of Affordable Housing and Public Health: How Stable Homes Improve Lives
At Hestia Housing Company, we believe that creating transformative affordable housing is a commitment to building stronger and healthier communities. We see it as our responsibility to build homes where families can thrive. Our multifamily real estate developments are designed holistically. By incorporating local green spaces, access to essential services and community-focused amenities, we are eager to promote physical and emotional well-being. These elements enhance the quality of life for our residents and play a paramount role in the context of public health.
The Intersection of Affordable Housing and Public Health
The relationship between affordable housing and public health is increasingly evident in today’s complex societal landscape. Research from the World Health Organization (WHO) and the American Public Health Association (APHA), highlight that stable and affordable housing is not just a basic human need. It’s a critical component of public health. When people have access to safe and affordable homes, they experience fewer health issues, including chronic illnesses and mental health challenges.
As communities across the country grapple with extreme housing shortages, rising costs and widening health disparities, addressing the link between housing and health becomes essential. The National Low Income Housing Coalition reports that nearly 18 million American households spend more than half their income on housing, leaving little room for essentials like healthcare, nutritious food and transportation. Understanding the link between affordable housing and health is beneficial for creating more equitable and thriving societies.
How Stable Housing Improves Health Outcomes
Stable housing is closely linked to improved health outcomes. The Centers for Disease Control and Prevention (CDC) highlights that individuals with stable housing are less likely to encounter chronic conditions such as asthma, diabetes and hypertension. Additionally, the stress reduction that comes from housing security can significantly improve mental health, decreasing the prevalence of anxiety and depression.
For children, living in stable housing is particularly important. Research from the Journal of Urban Health indicates that children in secure, affordable homes are 25% more likely to perform academically and have improved cognitive and emotional development than their peers in unstable housing situations. The American Academy of Pediatrics found that children in secure housing are less likely to exhibit behavioral issues and are more likely to achieve better educational outcomes. These findings underscore the importance of Hestia’s focus on developing safe, affordable homes and ensuring that the next generation has a solid foundation for a healthy and prosperous future.
Hestia's Commitment to Transformative Development
At Hestia Housing Company, we don’t just build housing—we create communities. Our multifamily real estate projects are woven into the community and carefully crafted to promote public health taking into account access to parks, community hubs and to vital services. We believe in the power of community, cherishing the physical, emotional and economic health of our residents. We build more inclusive communities and curate stronger neighborhoods by partnering with credible and established government agencies, nonprofit organizations and community leaders.
Investing in affordable housing is not just socially responsible but wise investment. A study by the Urban Institute found that stable housing reduces emergency room visits by 18% and hospital admissions by 20%. This is leading to significant savings for individuals and the healthcare system. Hestia offers opportunities for investors to be part of this positive change, contributing to projects that deliver financial returns and societal benefits. We leverage our diverse collective expertise in real estate development and corporate investments to ensure long-term stability and success for all our stakeholders, from the most vulnerable tenant to the institutional investor.
Building Healthier, Sustainable Communities
Hestia Housing Company is committed to transforming the affordable housing landscape through multifamily real estate development. By focusing on the intersection of housing and health, we are building more than just homes—we are creating the foundation for healthier and more resilient communities. Through strategic investments, sustainable practices and partnerships with key stakeholders, we empower our development partners and investors to play a pivotal role in this mission. Together, we can ensure everyone has access to stable and affordable housing and the opportunity to lead healthier lives.
