For many people, “affordable housingIn general, housing for which the occupant(s) is/are paying no more than 30 percent of his or her income for gross housing costs, including utilities. Please note that some jurisdictions may define af... More” is a loaded term that evokes stereotypical images of undesirable living situations in unsafe neighborhoods. The reality is often quite different. Affordable housingIn general, housing for which the occupant(s) is/are paying no more than 30 percent of his or her income for gross housing costs, including utilities. Please note that some jurisdictions may define af... More has less to do with where or how the homes are built, and more to do with the various subsidies used to make them affordable to lower-income families. If you’re curious about investing in affordable housingIn general, housing for which the occupant(s) is/are paying no more than 30 percent of his or her income for gross housing costs, including utilities. Please note that some jurisdictions may define af... More, let’s dispel five affordable housingIn general, housing for which the occupant(s) is/are paying no more than 30 percent of his or her income for gross housing costs, including utilities. Please note that some jurisdictions may define af... More myths.
1. All affordable housing is Section 8/public housing.
Section 8The housing assistance payments program that implements Section 8 of the United States Housing Act of 1937. More isn’t a type of housing; it’s a program that helps subsidize housing costs for low-income individuals and families. Public housing is typically Section 8The housing assistance payments program that implements Section 8 of the United States Housing Act of 1937. More, but many privately-owned properties also qualify for Section 8The housing assistance payments program that implements Section 8 of the United States Housing Act of 1937. More — including some that might surprise you. In addition, Section 8The housing assistance payments program that implements Section 8 of the United States Housing Act of 1937. More is only one type of program that helps make housing affordable. There are many other types of developments that rely on income tax creditsA reduction in tax liability. Benefits an owner of a property claims under the low-income housing tax credit program. More and other incentives to create affordable housingIn general, housing for which the occupant(s) is/are paying no more than 30 percent of his or her income for gross housing costs, including utilities. Please note that some jurisdictions may define af... More for people who meet their income qualifications.
2. Affordable housing is sub-par and poorly maintained.
Affordable housingIn general, housing for which the occupant(s) is/are paying no more than 30 percent of his or her income for gross housing costs, including utilities. Please note that some jurisdictions may define af... More developments must follow the same building codes as housing for sale or rent at market valueMarket Value is the value of the asset on the open market. More. In fact, the government often imposes additional standards and restrictions on housing developments seeking to qualify for subsidies. As for maintenance, that factor depends on the landlord or the management company and has nothing to do with the cost of rent. Find a good management company, and you’ll find affordable housingIn general, housing for which the occupant(s) is/are paying no more than 30 percent of his or her income for gross housing costs, including utilities. Please note that some jurisdictions may define af... More that is clean, energy efficient and safe.
3. Affordable housing exists only in “poor” parts of town.
Affordable housingIn general, housing for which the occupant(s) is/are paying no more than 30 percent of his or her income for gross housing costs, including utilities. Please note that some jurisdictions may define af... More developments can exist anywhere, and usually do. The properties we manage are often located in or near the busiest commercial areas in town.
4. Affordable housing increases crime.
Many people associate affordable housingIn general, housing for which the occupant(s) is/are paying no more than 30 percent of his or her income for gross housing costs, including utilities. Please note that some jurisdictions may define af... More with unsafe neighborhoods and high crime, assuming that these complexes actually create favorable conditions for crime. The reality is that there is no correlation between the cost of housing and the crime rate in any community. In fact, affordable housingIn general, housing for which the occupant(s) is/are paying no more than 30 percent of his or her income for gross housing costs, including utilities. Please note that some jurisdictions may define af... More actually reduces transiency and helps make families more stable, potentially reducing crime.
5. Affordable housing causes lower school performance.
Some families are concerned that living in affordable housingIn general, housing for which the occupant(s) is/are paying no more than 30 percent of his or her income for gross housing costs, including utilities. Please note that some jurisdictions may define af... More will force them to place their kids into underperforming schools. The reality is that lowered school performance is caused by un-affordable housing. When families have to keep changing school districts to flee higher rents, their children don’t get the chance to settle and they perform worse on standardized tests. Affordable housingIn general, housing for which the occupant(s) is/are paying no more than 30 percent of his or her income for gross housing costs, including utilities. Please note that some jurisdictions may define af... More actually helps solve this problem and improves school performance.
Olympia ManagementOlympia Management, Inc. exists to meet the needs of the affordable housing community by providing top-quality living conditions, excellent management, compassionate interaction with tenants, and cons... More specializes in affordable housingIn general, housing for which the occupant(s) is/are paying no more than 30 percent of his or her income for gross housing costs, including utilities. Please note that some jurisdictions may define af... More solutions for individuals and families across the Southeast. To learn more about our properties and availability, give us a call at 256-894-2382.