Geller Silvis & Associates, Inc.

At Geller Silvis & Associates (GSA), we strive to contribute to the development and expansion of thriving communities with diverse access to affordable housing that focuses on prosperity through economic diversity. Through a deep commitment to social impact, we drive to meet the needs of a practical evolution of the affordable housing landscape toward inclusivity and expansion.

Our commitment to excellence ensures that every project is approached with professionalism, integrity, and a focus on sustainability. GSA’s goal is to make the affordable housing development process accessible and understandable for our partners and clients.

Why Affordable Housing Matters

Through all stages of planning, financing, and development, we focus on community, inclusion, and innovation. As lifestyles evolve, we believe affordable housing is crucial to the growth of our towns and cities.

Affordable housing not only benefits the families living in the homes but also boosts the surrounding economy. Job creation, neighborhood investment and bolstered local tax bases are all associated with affordable housing development.

Affordable housing creates jobs and draws investment

Developing affordable housing has a positive economic impact on the surrounding community. Every 100 multi-family units built supports 161 jobs in the first year and an additional 44 jobs in each subsequent year. Housing construction and upkeep employs a variety of workers ranging from engineers and construction workers to leasing consultants and maintenance technicians. The jobs supported by housing development bring in $8.1 million in local wages and salaries and $1.6 million for local business owners.

Affordable housing improves workforce recruitment, retention and expansion

Affordable housing opportunities close to employment centers save employees time commuting, increase productivity and lead to financial gains for the employers. When employees cannot afford to live near their work, employers lose money from high turnover and reduced productivity resulting from longer commutes. Several large corporations are starting to recognize affordable housing’s crucial role in local economies and investing billions of dollars to address shortages.

Affordable housing returns money to local economies

Affordable housing development returns money directly to the local economy. Every 100 single-family homes built generates an additional $3.4 million in local taxes as well as $1 million in tax revenue in each subsequent year. These additional tax dollars can then be re-invested in community amenities that benefit everyone, such as street and sidewalk repairs, parks and playground construction or increased school funding.

Affordable housing builds long-term community resilience

Affordable housing promotes diversity and inclusivity, fostering a sense of community among residents from various backgrounds and income levels. Investing in affordable housing strengthens communities against economic downturns, ensuring that diverse populations can thrive together.