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Real Estate
Reply to "Oh, Chevy Chase (DC affordable housing)!"
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[quote=Anonymous][quote=Anonymous]These complexes become eye sores quickly. My old town way back in 1967 they let a 30 unit Garden Complex rental property in town. Only rental complex in town. Was shinny and new and affordable. All good. By 1979 was run down already those transient tenants were annoying and disturbing to the SFH home zoned area. The mayor and building dept. ordered building to fix it up or he would pull his CO. He did not have money. Town worked it out he converts to Condos, would get interest free loan to fund renovation and town would fast track permits and charge no fees. He did. Building code changed rental buildings illegal. Popping 30 lower income families in a rich neighborhood sounds good in paper. It is not. So why allow in first place?[/quote] That’s on the building owner to provide upkeep and the local govt to enforce but I actually agree that it’s more like warehousing poor people into a single building and that just invites issues. Better to designate units scattered through out a few buildings than put everyone in a single building. Also I think the scheme invites low income renters to take in additional people above their lease simply bc the rents are too high relative to their incomes and taking into account all other expenses. The rents are theoretically no more than the recommend portion of income. But many people also use theoretical income to qualify as in based on 52 weeks of work, 40 hours working every week and sometimes overtime when in reality most people in hourly jobs will not always work a full week, might work a lot of overtime one year and not the next, and will miss days of work and have no leave for emergencies and illness which all adds up to less then their theoretical income. [/quote]
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