STARMAN
DEVELOPMENT
Building
the workforce
housing for
What we do
Our mission is to bring homes & develop communities
Starman Development is a specialty developer focusing on Affordable Housing to meet the needs of America’s growing workforce.
Why Affordable Housing?
National Shortage of Affordable Rental Housing
"Record-breaking numbers of families cannot afford a decent
place to call home"
Rental homes affordable & available per 100
extremely low-income renter households by state
(According to the National Low Income Housing Coalition)
30 or Fewer
More than 45
Between 31 & 40
Between 41 & 45
The Gap
Nationally, there is a shortage of more than 7 million affordable homes for our nation's 10.8 million plus extremely
low-income families
* Source:
There is no state or county where
a renter working full-time at minimum wage can afford a
two-bedroom apartment
No state has an adequate supply of affordable rental housing for the lowest income renters
In 2022, the affordable housing
supply cannot meet the demand of low-income renters in every
U.S. state.
More than
50%
of low-income
families, spend
more than
50% of their
income
Key Figures
30%
working Americans should be able to live without spending more than 30% of their income towards rent
70%
of all extremely low income families pay more than half their income on rent
Why it matters:
Housing is the key to reducing intergenerational poverty and increasing economic mobility.
Research shows that increasing access to affordable housing is the most cost-effective strategy for reducing childhood poverty and increasing economic mobility in the United States.
Stanford economist Raj Chetty found that children who moved to lower poverty neighborhoods saw their earnings as adults increase by approximately 31%, an increased likelihood of living in better neighborhoods as adults, and a lowered likelihood of becoming a single parent.
Moreover, children living in stable, affordable homes are more likely to thrive in school and have greater opportunities to learn inside and outside the classroom.