Community Redevelopment & Sustainability
The increasing scarcity of safe affordable housing threatens all of us. Unfortunately, this threat is often invisible to all but the low- and moderate-income families, military veterans and seniors being denied adequate shelter. As reported by Harvard University’s Joint Center for Housing Studies in The State of the Nation’s Housing 2016, the number of renter households increased by more than 500,000 in 2015. Sadly, more than a quarter of that growth represents households subsisting on less than $25,000 in annual income.
These units will withstand tornadoes, earthquakes, hurricanes and fire. They cannot be burned, eaten by bugs or destroyed by mold. They will last for centuries. And because of the concrete’s thermal mass, interior temperatures remain stable. Making it perfect for those looking to save money, save energy, downsize and live modest. Even makes for a great investment property. The units qualifies as an extended stay room. They can be rented as weekly stay, and or as a monthly residential lease.
An additional 30% of that increase is attributed to households surviving on only $15,000 - $20,000 in income during the course of a year. These are clearly Americans for whom the operating margins to keep a roof over their heads are unspeakably tight. Because the vast majority of renters are forced to spend a high percentage of their income to secure affordable housing, they are left with insufficient resources for proper nutrition, health care and other basic necessities. The housing crisis often sets up a spiral of failure.