HUD projects nearly 30,000 youth “age out” of the foster care system each year without the life skills and support network to help them become independent, successful adults. Only 42 percent of former foster youths finish high school by age 21, and only 48 percent have jobs at age 26. Four years after “aging out” of the system: 25% have been homeless; Less than half have graduated from high school; 42% have become parents; and more than 80% are unable to support themselves. There are 428,000 children and youth in the U.S. foster care system and nearly 112,000 are waiting for adoption.
Instead, if they can be trained in the trades, they become taxpayers. The trades are in need of apprentices and workers. As well the transportation industry needs mechanics, drivers and logistics. To attract companies to the area we need to develop a strong blue collar workforce.
There is growing need for housing of low - to moderate-income seniors in the coming years, as an estimated 3.5 million seniors are currently living below the poverty level. By 2024, 6.5 million households will have annual income of less than $15,000, an increase of 37%, in a single decade, the Harvard/AARP study finds. Growth in the number of older households with incomes between $15,000 and $29,999 would add another 2.9 million to the ranks of low-income households.