What do we mean by affordable homes?
60% of Rush Homes’ families have annual incomes of $12,000 or less.
In order to have the residual income necessary to afford basic necessities, a family should pay no more than 30% of their income for housing and utilities. By that standard, $300 per month is what is “affordable.”
In Lynchburg, there are an estimated 786 homes for rent at a gross rent of $300 or less. Only 2% - 3% of those are vacant, and most are not accessible for people with disabilities. Families are forced to find homes at higher rent – more than they can afford – which results in instability.
Affordable homes matter to all of us. Why?
Housing stability increases independence, well-being, economic activity, community involvement, personal financial security and HOPE.
Housing stability decreases work and school absenteeism, medical needs and related costs, and use of public services.
Being able to afford rent for a home that meets one’s needs eases concern and stress. Being able to afford rent brings stability which offers relief not only for families in need but for all connected with them.
Rush Homes: A local organization solving a local problem with local support
amount of money Rush Homes has brought to our community through the development of affordable housing
total number of Rush Homes
the number of people served by Rush Homes
families on the Rush Homes waiting list
return for each dollar donated to Rush Homes