Category: Real Estate

Correcting Affordable Housing Misinformation

All across the Nation, when seeking approval for new housing developers face the very same questions and concerns. City and county leaders see the need for home, but citizens push, fearing higher crime rates property values and overcrowding. However housing advocates and developers are in attempting to dispel these myths, they never go away. Recently, however, housing Advocates have discovered several advocates of their own. Much of the work is born of necessity; counties, states and some cities have penalties and requirements regarding housing availability. Connecticut state law, for Example, requires cities to keep at least 10 percent of the housing stock affordable, meaning it has to be priced for individuals earning between 80 and 120% of the Area Median Income. At the town of East Greenwich, only about 4% of its available housing meets affordability requirements and its Affordable Housing Commission is working to change that via a public awareness campaign.

Instead of focusing on the City’s demand for affordable housing, the AHC has chosen to deal with public opinion that is the barrier to home development. The Commission made a demonstration that debunks some of the common myths about affordable housing and encourages individuals to share¬†JCube Condo that information with acquaintances and their friends. Its demonstration has been taken by AHC On the street, highlighting the advantages of housing. The Commission is concerned that if East Greenwich waits too long, it will be forced by the state to construct additional affordable units, instead of having the freedom to plan and construct them on its own. Programmers have Endured resistance to the construction of a few home units. When a developer planned to comprise two housing units in an expansion of an existing project, among the latest instances in East Greenwich happened last March. About 20 residents attended a Planning Board meeting to protest the units that were affordable.

Studies of housing that is affordable have found several benefits. A home project generates jobs an average of 120 jobs for every 100 housing units. Additionally, the fees, taxes and permits related to the growth create on average over 800,000 in revenue for state and local authorities and of course the cash injected into the local market by the residents themselves. Property value is the Concern raised by neighbors of home units. There is information though this myth would not go away. At worst home has a slight impact on neither land values nor decreases. Most of the time when a job is well-planned and well-built, it actually contributes to increased values for surrounding houses particularly if it was constructed on a previously-vacant lot or substituted abandoned properties.