How do communities benefit from BACLT s housing development activity?
Beyond the benefit to its low and moderate income residents and to the properties, BACLT s housing development activities have also had a far-reaching impact on the overall well-being of the region. BACLT s housing work has resulted in the infusion of millions of dollars in state and federal funding into the regional economy, contributing to overall community stability and economic health. Especially important in times of recession, the local purchase of materials and supplies related to housing construction has a ripple effect, generating additional income and jobs in the local economy. Leaders of business and industry also understand the critical importance of attracting and retaining employees. The availability of affordable housing within reasonable proximity to jobs is a factor in an employer s decision to locate their business in a particular region. By providing affordable housing to local workers, BACLT helps maintain a diverse pool of employees. In addition, BACLT s work has c
