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HUD disfunction

This topic can be found at:
https://well-temperedforum.groupee.net/eve/forums/a/tpc/f/9130004433/m/5963932997

13 August 2024, 05:55 PM
Daniel
HUD disfunction
https://www.usatoday.com/story...amilies/74499904007/

This can't not be contributing to the worsening homeless problem.

Sigh.
13 August 2024, 06:23 PM
Daniel
s/b homeless problem

Synopsis-- people who wait years for HUD vouchers including the homeless have two months to make a successful rental application resulting in a very large percentage of people who receive vouchers being left with nothing.
13 August 2024, 06:24 PM
Daniel
s/b homelessness problem

Sorry.
14 August 2024, 06:01 PM
Axtremus
Thank you for posting the link to the HUD / Section 8 voucher article, Daniel.

I recognize that it is an impactful social program but I didn’t know about the low voucher-to-housing conversion rate problem before.


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14 August 2024, 06:54 PM
Daniel
You're welcome, Ax.
15 August 2024, 10:47 AM
big al
The root of the problem is probably the limited amount of rental property and the willingness of landlords to accept Section 8 vouchers. The strategies that Boston has implemented are a useful model of how to make the best of this bad situation.

Ultimately, the most effective strategy would be to increase the supply of housing so that landlords would have a greater incentive to accept Section 8 tenants.

Big Al


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15 August 2024, 11:40 AM
Axtremus
I would add to what Big Al said by mentioning acute income inequality and wealth gaps between the property owners and the homeless/would-be renters.

The typical personal finance advice given to the typical consumer is to not spend more than 1/3 of gross income on housing. (And landlords often want to see would-be renters have gross income that is 3X or sometimes 4X of rent to qualify.)

Sad thing is, even when working a “full time” job, and adding the Section 8 voucher’s amount to gross income, the would-be renter still does not satisfy the “income > 3x rent” threshold to qualify.


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www.PianoRecital.org -- my piano recordings -- China Tune album

16 August 2024, 12:11 PM
Steve Miller
I had the opposite problem in Anaheim.

I had tenants who qualified for Section 8 and really needed it but the wait time to get vouchers was stretched out for years.


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16 August 2024, 01:33 PM
Bernard
This also sounds like a problem with local governments. Boston and Seattle have taken steps to ensure a better outcomes.


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