Affordable housing ensures that individuals and families can meet essential needs, such as food, transportation, healthcare, education, and savings. Affordable housing initiatives and programs aim to address the diverse housing needs of various groups, ensuring that everyone has access to safe, decent, and affordable housing options.
Low-income individuals and families: These are individuals and families with limited financial resources, often earning wages near or below the poverty line.
Moderate-income households: This group includes individuals and families who earn more than low-income households but still struggle to find housing options within their budget.
Workforce and essential service employees: Many individuals working in essential sectors such as healthcare, education, public safety, and service industries may not earn high salaries but still play critical roles in society.
Seniors and retirees: Older adults often face unique housing challenges, especially if they have limited retirement income. Affordable housing options designed for seniors can provide them with affordable, accessible, and supportive living environments.
Steady income stream: Affordable housing often involves long-term rental agreements and there is a continuous need for affordable housing options.
Lower vacancy rates: Affordable housing units typically experience lower vacancy rates and the demand for affordable housing tends to outpace the supply.
Government incentives and subsidies: Many affordable housing programs offer government incentives and subsidies to investors who provide affordable housing options. These incentives can include tax credits, grants, or subsidies that help offset the costs of developing or maintaining affordable housing.
Guaranteed monthly rent payments: Government subsidies once approved, provide all or a portion of the rent, and are directly deposited into the property owner's account. Taking away the uncertainty of when or if you will receive your rent this month.
✓ A complete affordable housing packet and assistance with collection of property paperwork for submission.
✓ Provide liaison services between you and the Housing Authority - submission thru completion.
✓ Attend all housing meetings, including pre-certification.
✓ Coordinate and attend all property inspections.
✓ Coordinate with contractors for any needed repairs.
✓ Place all property advertising and marketing on social media.
✓ Coordinate and screen potential tenants. Provide credit, employment, and background checks for tenants.
✓ Coordinate tenant move-in and property inspection as needed.
Sign up to tune in to all our real estate news.