LancasterThrivingSummerFall2017 - 60

This article highlights and supports
the work that's being done in the
community to satisfy the Well Being
of People dimension of our Prosperity
Indicators Initiative.

A WORD FROM YOUR CHAMBER

PEOPLE BUSINESS COMMUNITY

Employer-Assisted Housing

Benefits You &
Your Employees
H

ave you ever had an employee comment on the lack
of housing or difficulty finding housing close to work?
Has the cost or lack of housing affected the work
performance of an employee or affected your hiring and
retention efforts? Ever had an employee leave or not accept
a job because of housing challenges?
If you haven't experienced these challenges, count yourself
lucky. In our Fall/Winter 2016 edition of Thriving! we shared
more information on how housing affordability is impacting
our community and recently received input from employers
at our Prosperity Indicator Issue Conversation on Housing
Affordability and Employer Assisted Housing highlighting
these challenges and more, but it also presented solutions
that could help the employer community think about how
they can address this issue in our community.
Nearly one in three families in Lancaster County has
difficulty finding and keeping housing they can afford, and
the Prosperity Indicators report showed that 29% of local
homeowners with a mortgage are spending 30% or more
of their income on housing costs, and 46% of renters are
spending 30% or more on rent. When housing costs are
excessive, it means individuals have less money to spend on
other things they need and even less to invest in
our community.
Housing is a crucial component of economic
competitiveness and a spatial mismatch between where
job growth is taking place and where people can afford
to live creates costs for employers as the local labor pool
contracts and employee turnover rises. It's safe to say that
employers have a stake in creating housing opportunity
while increasing the competitiveness of their businesses and
the areas in which they are located.

60 | LANCASTERTHRIVING! | Summer/Fall2017


http://www.lancasterchamber.com/article.aspx?page=prosperity-indicators#.WZtM-2dK270 https://www.nxtbook.com/nxtbooks/lancasterchamber/thriving_fallwinter_2016/index.php#/48

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