If anything Corporate buildup should be FORCED to have units directed at SSI recipients and Section 8 recipients. In FL there are many ways for Landlords to reject tenants and somehow Sec8s Get ALWAYS the redlined.
If anything Corporate buildup should be FORCED to have units directed at SSI recipients and Section 8 recipients. In FL there are many ways for Landlords to reject tenants and somehow Sec8s Get ALWAYS the redlined.
There's no difference in the benefit to the poor from new housing being built, even if 100% of the new housing is luxury housing. Wealthy families taking that new housing means that middle class families move up. Middle class families moving up vacates their old homes, etc, etc, etc.
The key thing is *building more housing.* Mandating that some amount must be built for lower income residents will probably lead to less housing & therefore higher prices for low income families.
I doubt you can actually "mandate" What CAN be done is stop giving them permits and channel that $ Into DPA programs and Community redevelopment Housing. One thing similar to mandate would probably be a mandatory 10% if the value of the project for a community redevelopment fund
Wat
I have a thread about a Community called Dania Beach will send
bsky.app/profile/jeep... I put data and things that are exactly what the guy is talking about in Arlington I suppose something similar is happening there
OK but what are people who make SSI amounts of money supposed to do in the years while they wait?
It takes on average five years to build housing in my state. So we’re going to assume that I’m not going to be included in that first round. and since all of the low income housing is priced for people who make $17 an hour about, because that’s about the minimum wage where I’m at…
There's no magic solutions. It sounds like your state (&/or municipalities) have put up malignant structural barriers to building new housing—removing or constructively reforming those barriers is going to take work (& probably voting a lot of NIMBY bums out of office).
Does your area have $300-$400 rent at market rate?
In general the Housing expense should be no more than 35% of your total income, in some cases it could go higher taking in consideration other factors, but no more than 40% and your total debt should not exceed 50% of your income. A $400 rent would mean that it is in areas with less opportunity.
There are some cities that have that rare combination of somewhat good opportunity and rental rates that match. Santa Fe, NM , Jacksonville, Fl are two that come to mind. But you are right its way too rare and I agree with Bernie on that
Im in Washington state. I have SSI. I don’t have opportunity. But I used to he able to afford the rent.
And the big city has a $20 minimum wage…. So we’re talking everywhere that isn’t the big city…. All working people make three times as much as I Maximumly POSSIBLY could, minimally. They are going to keep putting out housing that caters to people who make the minimum wage but not others…
Even if you take Housing expense to 40% DTI people would still need substantial DPA but I prefer that, than to have people paying 50-70% as Housing expense as renters. It robs the people out of wealth
The rent is more than I get in a month everywhere with two people who make the same amount. And its over half my combined with my partner income with a roommate, more than I make including basic living expenses…. When I was priced out we were in the hole every single month. But multiple hundreds.
And that was low income housing. Whenever a roommate would move out our family would have to pay the rent, this would get us docked money, which then left us even more in the hole.
Usually docked nearly the amount contributed too.
Thats where instead of government subsidizing landlords, they should subsidize buyers.
They never get around to my income bracket I am not really sure what I should be doing in the meantime. I was priced out in 2019.
It is exactly people like you that should be helped! U were probably trying & then puff everything out of reach,but renters pay more than what they can afford if it was a mortgage. Renters pay $2.6k for a 1/1 that is 50%dti in housing expense for someone making 60-65k people making 45k pay that here