Affordable housing awareness week ends with My Front Door holding panel on the benefits affordable housing would have on the economy
A panel was held to highlight the benefits and strategies to put in place to remedy the affordable housing crisis in Cheyenne
CHEYENNE, Wyo. (Wyoming News Now) - On Friday morning, a panel was held where, My Front Door a non-profit organization that assists Cheyenne residents in learning financial literacy and saving habits to prepare them in their journey of becoming a home owner.
Cheyenne is facing an affordable housing crisis, which has been highlighted many times by Wyoming News Now, and, from many leaders within the city. Rent & housing prices continue to sky-rocket and there are very limited roofs to put over the peoples head that wouldn’t turn into a large financial burden.
Executive director - Brenda Birkle of My Front Door mentioned “Today, we concentrated on workforce and economic development, and, how the lack of affordable housing really plays a role into those.” Birkle told Wyoming News Now, that wages are not properly aligned with the rise in housing costs. They discussed that strategies need to be implemented in order to bridge that gap and give the people in the community the opportunity to becoming home owners. She added, “Those wages keep pace with the market and closely align those two. If they are too far apart like what we are seeing now, that leads crisis much like what we are dealing with currently. So, we need to develop strategies and ways to be smart in how we can bring wages and the market closer in alignment.
As the city of Cheyenne continues to take action in addressing the affordable housing crisis. My Front Door offers their service to anyone who wishes to become a homeowner, and, educate them and all they would need to know. Leading them to making the correct financial and home owning decisions that will set them up for the future.
For a link to their website, click here
Copyright 2021 Wyoming News Now. All rights reserved.