13 August 2024, 05:55 PM
DanielHUD 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
Daniels/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.
14 August 2024, 06:01 PM
AxtremusThank 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.
15 August 2024, 10:47 AM
big alThe 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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Money seems to buy the most happiness when you give it away.
Why does everything have to be so complicated, all in the name of convenience. -ShiroKuro
A lifetime of experience will change a person. If it doesn't, then you're already dead inside. -MarkJ
15 August 2024, 11:40 AM
AxtremusI 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.
16 August 2024, 12:11 PM
Steve MillerI 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.
16 August 2024, 01:33 PM
BernardThis also sounds like a problem with local governments. Boston and Seattle have taken steps to ensure a better outcomes.