Non-Profits can play an integral role in solving the housing crisis. Non-Profit Housing Developers in partnership with companies that need Workforce Housing can dramatically increase the supply of affordable housing.
We have created a model where new, purpose built affordable housing developments will have up to one third of its units rented to participating companies for their employees and rented at below and near market rates. This approach will produce positive cash flow and ensure that our city has a perpetual and growing supply of affordable housing.
There could be a Rent-to-Own program included in some of the projects expressly created to allow low/mid income renters to enter the housing equity market.
A key principle is that homes purchased at a discounted rate will have a covenant on their property equal to the discount from full-market that they realized at the time of purchase. In some instances the discount rate will from 35-40%.
If you are interested in learning more about our model please contact us. or call Joseph (778-835-5801 or Larry (604-787-7654)
Together we can start ‘Building Solutions to the Housing Crisis’.
“If we could set a national goal to get 20% of our overall housing in that below market, non-private market, category of rentals, then we’re starting to develop a healthy and fair and equitable housing system in Canada.”
Jackie Kennelly, Carlton University