WHITESTOWN, Ind., July 2, 2024
/PRNewswire/ -- The shortage of affordable workforce housing for
those in the workforce, as well as other demographics, has long
been a challenge across the nation. However, a new report
released by the National Low Income Housing Coalition (NLIHC) and
Prosperity Indiana shows that
Indiana falls behind the regional
average for other Midwest states in the number of rental homes for
renters in the workforce. In fact, the shortage of affordable
workforce housing and the severe housing cost burden is statewide
and can be found in all 92 counties.
The fact is, affordable workforce housing and a healthy economy
go hand in hand. The U.S. Senate Committee on the Budget estimates
that the shortage of affordable workforce housing costs the
American economy as estimate $2
trillion each year. High housing costs lower disposable
income, lower employer retention as employees leave to seek higher
wages and reduce educational opportunities as income is spent on
housing rather than schooling.
Companies like Kittle Property Group, Inc. are addressing the
affordable workforce housing shortage by developing new apartment
communities. Headquartered in Indianapolis, Kittle Property Group operates
across 16 states, focusing on providing affordable housing
solutions. A prime example of their efforts is Meadows on Main in
Whitestown, Indiana, which
supports workforce housing in this rapidly growing area.
Whitestown's population surged
from under 3,000 in 2010 to nearly 12,000 in 2022, driven by the
influx of distribution and manufacturing facilities, including
Amazon and Coca-Cola.
Whitestown's rapid growth
outpaced its affordable workforce housing supply, making it
challenging for the expanding workforce to find homes within the
community. Meadows on Main addresses this need by adding 264
apartment homes to the area. Residents enjoy amenities such as a
community clubhouse, pool, outdoor entertainment area, playground,
and more. Additionally, the community is pet-friendly, welcoming
residents' four-legged family members.
Living in Meadows on Main ensures residents have affordable
workforce housing, allowing them to focus on other important
aspects of life such as raising children, advancing their careers,
and improving their health. This contributes to a healthier
community and a more robust economy both now and in the future.
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SOURCE Kittle Property Group