Urban American Management is a property management company that owns and manages real estate properties in New York City. By providing affordable, quality apartments in desirable neighborhoods, Urban American Management endeavors to benefit communities and improve the quality of life of families and veterans.
Many studies show that developing affordable housing provides social, physical, and economic benefits. Tenants that pay less money towards their rent can afford to spend more on food, healthcare, and other necessities. It also gives them the ability to save for emergencies, education, or for the purchase of a vehicle.
Households with stable affordable housing are also more likely to become long-term employees to companies, since those who live in affordable housing are less likely to face eviction and have to move from the locale of their jobs. This can greatly benefit local businesses by reducing employee turnover. Additionally, when affordable housing buildings are renovated, the value of neighboring properties is often increased, which can economically benefit a community.