Business Ethics for Affordable Housing

Table of Content

The text highlights the significance of affordable housing and its impact on different aspects of our lives. It is crucial in shaping our personal and family life, community involvement, and access to employment, services, stores, and social connections. This implies that housing serves not only as a residence but also reflects the characteristics and behaviors of its occupants. Even in challenging circumstances like poverty, maintaining cleanliness can offer a potential solution.

The significant population and its effects are impossible to disregard, as it is the main factor that cannot be disregarded. The housing market and associated obligations have been adversely impacted by both the high number of children per household and limited incomes. Consequently, workers are requesting higher salaries in order to afford housing, posing a challenge for businesses to sustain profitability. Moreover, this circumstance is driving certain individuals into extreme poverty.

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Increasing housing costs contribute to the already difficult experience of job loss and transitioning into an undesirable lifestyle, exacerbating issues surrounding affordable housing and societal changes. The affordability problem is often linked to employment-related concerns since one’s job quality typically determines their living standards. It is crucial to recognize that rising housing expenses do not favorably impact most individuals in the community, particularly those living in poverty.

The housing crisis, exemplified by the Sacred Heart Mission, causes inadequate living conditions and homelessness for many people. This significantly affects displaced families who struggle to afford shelter, resulting in negative impacts on their mental and physical health, job prospects, and community connections. Regrettably, the government may not fully understand the urgency of this issue or recognize that the private sector controls the housing market. Additionally, they may lack effective strategies to assist low-income individuals in finding better housing options.

The existing state of affairs is insufficient and demands effective leadership and significant policy actions. People living in poverty face difficulties in fulfilling their basic requirements, especially those with limited means. In such situations, certain essential needs are left unmet. The video emphasizes that homelessness is increasingly a result of inadequate job opportunities for a considerable segment of the workforce, as well as the declining worth and accessibility of public assistance.

Governments place a high priority on addressing the issue of secure and fair housing because it is closely connected to unemployment, unstable or decreasing incomes, which often lead to homelessness. This problem particularly affects individuals with low wages who don’t have access to necessary amenities and comforts for their daily physical needs. The affordability of housing poses a challenge for many households, making adequate shelter an important factor in reducing poverty. Additionally, it also has a significant impact on improving overall health and resulting in substantial savings on healthcare expenses.

Community and humanitarian organizations play a vital role in addressing poverty, a complex issue that is defined by insufficient income. These organizations provide essential goods and services to individuals who cannot afford them. The connection between poverty and affordable housing is evident as housing costs typically dominate households’ budgets. To tackle this problem, a coalition of advocates should focus on advocating for higher minimum wages.

The decrease in wages has made housing unaffordable for many workers, leading to a crisis of increasing homelessness rates. To address this issue, workers’ unions should maintain professionalism while the government must clearly define affordable housing. In order to secure jobs that pay above the poverty line, families and individuals can form working groups or coalitions, despite periods of unemployment, as the scarcity of affordable housing and absence of aid programs have exacerbated the situation.

The Joint Center for Housing Studies reports that individuals with low incomes struggle to afford rental housing due to a lack of affordable options. Consequently, many people find themselves living in substandard conditions, which not only creates the appearance of poverty but also increases their likelihood of experiencing homelessness.

People who come from impoverished backgrounds or are forced to leave their homes frequently face a lack of housing. The ethical aspect, which guides decisions about what is right and wrong, emphasizes the importance of government regulation in ensuring fair housing opportunities for those with low incomes. Such intervention becomes necessary as every sector tends to prioritize profit and personal gain without any oversight from the government. Additionally, even builders confront challenges when it comes to offering affordable housing options.

The government should develop a policy that promotes affordable housing by partnering with private sectors or entrepreneurs. This collaboration should ensure the commercial viability of affordable housing and enforce a code of professional ethics for the private sector. By doing so, a collective effort can be established to address the issue. The lack of falling house prices is due to limited land approval and availability by the government, as well as the defined value that cooperates must strive for.

It is important for cooperates to set wages that are considered ethical, in order to ensure employee satisfaction and their ability to maintain a livelihood. Critics often criticize developers who are seen as apathetic towards the needs and rights of local residents. Conflicts frequently arise during the construction of affordable housing, which involve matters of individual rights, ethics, and social responsibility. For example, Americans have often valued individualism over social responsibility.

While some individuals prioritized protecting family life, personal liberty, and pursuit of happiness through valuing property rights and free market activities, others from the me generation put their personal needs above social needs. They justified this self-centeredness even if it meant harming others’ interests to protect their own. This ethical dilemma emerged due to the belief that poverty, homelessness, or disempowerment were solely attributed to an individual’s choices.

Using wealth as a measure of moral value causes worry that individuals with lower incomes will be seen as worthless and less desirable than those who are financially more affluent. Both humanitarian organizations and traditional churches prioritize social responsibility, specifically focusing on the welfare of working classes and societies. Their initiatives involve assisting individuals who cannot sustain themselves, with a specific emphasis on mothers with large families who experience the greatest hardships due to poverty.

Putting society’s welfare first is typically more important than individual well-being. Individuals with a strong sense of social responsibility do not blame less fortunate people for their situation, unlike those lacking social responsibility. It is crucial for corporations and businesses, which play a significant role in the economy, to prioritize the common good by avoiding corrupt practices or unnecessary actions that drive up the cost of essential goods.

The organization is dedicated to offering affordable and enhanced housing for every individual, irrespective of their background. It acknowledges that poverty, homelessness, or marginalization are not solely impacted by family background but also stem from societal deficiencies like scarce employment prospects, absence of job training initiatives, inadequate low-cost housing choices for those with limited incomes, and the lack of supportive services.

These individuals aim to offer citizens with affordable and secure housing that promotes a comfortable living environment. Their primary goal is to ensure adequate housing along with essential needs. In a society where there is ongoing debate regarding whether the inability to afford a better life is a result of personal shortcomings or negligence, some argue that certain people are in their present situation due to their past circumstances. Consequently, they advocate for employment opportunities as a means of enhancing quality of life if given the opportunity.

Many people become trapped in poverty and think that there are no chances for success. As a result, they raise children who cannot afford education. Poverty is not just about money and housing; it also involves behaving properly and avoiding conflicts at work.

Reference.

According to Stein D. (2006), in his book “Affordable housing Finance”, the ethics of housing and NIMBYism are discussed. The source for this information is http://www.gcastrategies.com/booksandarticles/139/the-ethics-of-housing-and-NIMBYism/. Retrieved on 15th November 2012.

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Business Ethics for Affordable Housing. (2017, Jan 04). Retrieved from

https://graduateway.com/business-ethics-for-affordable-housing/

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