The below topics are discussed in much more depth Affordable housing is in crisis, primarily because of the gap between cost of construction and the ultimate value of income property - which must be a factor of a tenants ability to pay. Since the 1940's Government has tried countless programs to address the resulting social problem, from a failed public housing policy, to subsidies and now ... low income housing tax credits available to developers. Also see : Affordable Housing | Cost vs. Value | Government Programs | Low Income Housing Tax Credits | LIHTC-FAQs | Housing Definitions | HUD Help | HUD Home Program |
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Expect to find plenty of:
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NIMB: Not In My Backyard
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NOTE: Not Over There Either
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CAVE: Citizens Against Virtually Everything
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BANANA : Build Absolutely Nothing At or Near Anything
The Development Process
- Organizational: gathering information
- Size/type of housing project: making decisions
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Capacity to do the Project: plugging in the players
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Construction
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Marketing and Tenant Screening
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Managing the Project
There are excellent resources available on the web.
Public Housing Authorities Directors Assn. HUD serves 3,000,000 families through its Section 8 program, meaning there are many thousands of leasing agents and landlords who also may want take advantage of this outstanding PHADA offering.
Enterprise Foundation. Financial, technical assistance, and information services relating to low-income housing development, primarily for non-profit housing groups.
State Housing Development Authorities
The above topics are discussed in much more depth
on our members' Developing Income Property page.