Is There a Housing Crisis: Difference between revisions
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#Extremely low income means 30% of median (AMI) [https://apps.urban.org/features/cost-of-affordable-housing/] | #Extremely low income means 30% of median (AMI) [https://apps.urban.org/features/cost-of-affordable-housing/] | ||
#Current standard for affordability: no more than 30% of gross income [https://apps.urban.org/features/cost-of-affordable-housing/] | #Current standard for affordability: no more than 30% of gross income [https://apps.urban.org/features/cost-of-affordable-housing/] | ||
#60% of median rent in Denver is $900/mo. [https://apps.urban.org/features/cost-of-affordable-housing/cost-of-affordable-housing_technical-appendix.pdf] | |||
=Issues= | =Issues= | ||
Revision as of 01:03, 25 October 2021
Data
- Median house cost - $128k Mayville mo. [1].
- South midwest and south east, at $250k around for median price. [2]
- Detroit is like 1/3 the average housing cost! [3]
- Cost of low rent afforded by the poorest people makes apartment operating cost unsustainable? [4]
- Tax credits apply to those whose income is 60% of median [5]
- Extremely low income means 30% of median (AMI) [6]
- Current standard for affordability: no more than 30% of gross income [7]
- 60% of median rent in Denver is $900/mo. [8]
Issues
- KC situation. Affordable is rent only of $700. [9]. If SEH costs $100k, can we do rehnt at $700/month? Link to a guy building affordable homes, 5 per year.
- Inclusionary (affordable) zoning - actually increases housing costs? [10]
- Essential conflict of interest between big builder profits and affordability? [11]
Solutions
- Habitat does CEO Builds - [12]. May not scale well without Extreme Manufacturing principles
Revenue Models
- Apartment complex economics. $700/mo. One year at $8.4k. Works with free land and utilities using Radical Waste Treatment.