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Why Homelessness is an Epidemic during a Pandemic

What is Community Housing?

 

Community housing is a temporary housing for certain segments of the homeless population, including working homeless people who are earning too little money to afford long-term housing. It is not in an emergency homeless shelter, but usually a room or apartment in a residence with support services. The transitional time can be short, for example one or two years, and in that time the person must file for and get permanent housing and usually have some gainful employment or income, even if Social Security or assistance.

Transitional housing business is part of the community housing and homeless shelters industry and this industry provides a variety of community housing services including short-term emergency shelter for victims of domestic violence sexual assault or child abuse; temporary residential shelter for the homeless runaway youths and parents and families caught in medical crises; transitional housing and assisted living for low-income individuals and families; and volunteer construction or repair of low-cost housing.

 

Shelter-in-place orders as a result of the COVID-19 (coronavirus) pandemic have caused a surge in the unemployment rate. While government measures to prevent homelessness have helped, these policies are expected to expire.

Cities and states have increased funding for community housing as the coronavirus pandemic has highlighted the severity of homelessness in the United States.

Over the five years to 2026, the coronavirus pandemic could result in an increase in unemployment, which could lead to increased homelessness. However, without additional funding, revenue for the Community Housing and Homeless Shelters industry will likely decline.

 

 

How many businesses are there in the Community Housing & Homeless Shelters industry in the US in 2021?

The Community Housing & Homeless Shelters Industry is indeed a large industry and pretty much active in most developed countries of the world. Statistics has it that in the United States of America alone,  there are 11,241 Community Housing & Homeless Shelters businesses in the US as of 2021, an increase of 1.4% from 2020.

Has the number of Community Housing & Homeless Shelters businesses in the US grown or declined over the past 5 years?

The number of businesses in the Community Housing & Homeless Shelters industry in the US has grown 1.4% per year on average over the five years between 2016 – 2021.

Which States have the highest number of businesses in the Community Housing & Homeless Shelters industry in the United States?

New York (982 businesses), California (885 businesses) and Texas (429 businesses) are the States with the most number of Community Housing & Homeless Shelters businesses in the US.

Community Housing & Homeless Shelter Industry at a glance

 

 

13,241

Community Housing & Homeless Shelters Businesses in the US in 2021

157,590

Community Housing & Homeless Shelters Industry Employment

1.4%

Community Housing & Homeless Shelters in the US Annualized Business Growth 2016–2021

Capital Intensity

In 2021, labor is projected to account for 32.2% of revenue for the Community Housing and Homeless Shelters industry which rakes in about $12 billion annually. Some of these factors should encourage Real Estate Investors (REI) or an aspiring entrepreneurs with a real estate background to start looking towards ways to invest in community housing and make a difference for those who need it most.
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