Low Income Housing Guide

Low Income Housing Benefiting from the Recession??

The recession may be biting hard on the many economic fronts but one sector that is suddenly getting attention in terms of long needed funding is low income housing. The many foreclosures has resulted in a very high demand for such housing due to many people not being able to purchase their own homes.
Victims of the economic crunch, they seek help from the government and with a new president, he can’t wait to oblige, promising part of the trillion dollar bailout funds to be released by the Federal Bank into the public housing sector. The HUD has welcomed the news which is good for with it they can indeed house more people who need more permanent residences. Read the rest of this entry »

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Mack and Mae – Government Control?

This is a proposal by some lawmakers which was more than just stiffly opposed by the housing industry that has seen minimal government control in the past years. The proposal came as lawmakers are trying to find a way of avoiding the same problems from haunting them and in the long run, to protect the American public as a whole who suffers most from such economic crisis. Both parties being the largest home lenders in the US are quite silent on the matter with guarantees from the President himself for support to the two giants in the housing industry may it be expressed verbatim or not. Read the rest of this entry »

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President Pledges To Boost Weakened Public Housing System

It takes a recession, a rash of foreclosures and millions of homeless people, and not to forget, a new President to bring much needed focus to the long decaying public/low income housing industry that suffered a lot from budget cuts, thanks to the last administration. Budgets and allocations were slashed as the economy turned sour at the end of their term of office, leaving the new leader to pick up the pieces of the shattered economy. The program has decayed so much that when the economy slid, Read the rest of this entry »

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Basic Info on the LIHTC or Tax Credit

The Low Income Housing Tax Credit (LIHTC) is basically a housing support initiative from the government that began in 1986. The LIHTC aims to give both individuals and families with low to moderate income. A little more than a dollar but not more than two dollars (which is adjusted based on the inflation rate) per person in each state is allotted to funding housing projects for qualified households. There is a table of income based on the size of the household that determines who is eligible for the Low Income Housing Tax Credit. While the LIHTC is a government project, the developments themselves are privately owned, but the companies receive 10 years worth of tax cuts as a sort of payment for financing a low income housing project.

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Selling your House – Not Good Timing

The health of the housing market has again been changed with January trends showing that the home prices are going down to ever low levels since the crisis began. There are a lot of people who have opted to go and sell their homes in exchange for rental properties but even them are finding themselves ina fix when even the properties they are renting get foreclosed leaving them with nowhere to go. Foreclosures are on the rise and jobs are still being lost meaning people are getting desperate and frustrated at the length of time it takes for their bailout funds to get to them. Most Americans who face foreclosure are getting bailout checks and tax discounts to help ease the foreclosure problem yet with time against them, they may have to settle for foreclosure after all.
Pople are left with no other options for they are facing more serious problems than just late payments. Seeing your home going up for auction may be the most painful experience for most for they have invested all their life’s savings into their homes yet in spite that they still loose everything.

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Pre-Fab Housing Units

Though more associated with low-cost housing in third-world countries, such technologies are available making housing affordable for both developer and buyers. The foundations for the walls are done traditionally with the walls pre-cast in a plant where concrete is poured into molds and released after a few hours. This type of technology in housing allows fast building thus cheaper houses for the masses. The wall segments are then positioned into the dug foundations bolted together form above, filled with concrete and the floors filled in and leveled.
The ready made roof is then put in place bolted to the walls and reinforced with clamps to protect from strong winds. The fitting crews then go in, installing the internal walls, doors and jambs as well as electrical, water and gas fixtures. They are however quite prone to damage from ground shifting, cracking walls, so location in earthquake prone areas would require a lot of bolstering to the foundation.

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Prefabricated Container Vans

Image Source: weburbanist.com

Low income houses are normally made of cardboard tubes, prefabricated materials, geodesic kits, inflatables and polyurethane igloos. In recent years, builders have started using second hand container vans to build not only homes but also offices, clinics and restaurants.

Somewhere in the Bicol region in the Philippines, an entire resort, where international wakeboarding competitions are being held annually, used container vans as some sort of cabanas in place of a regular hotel room.

These accommodations are just like the usual hotels, only less expensive and a little smaller but they have all the usual amenities, the twin beds, receiving area, intimate dining area, a bathroom, with cable and internet connections and an air conditioning system.

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低額所得ローン

不動産の購入は困難な場合があります。まずお金が必要です。 全てに予算を立てなくてはなりません。 もしもっと欲しいものがあっても我慢しなくてはならないかもしれません。しかし、良いことに低額所得者向けの特別な低額所得ローンがあります。 低額所得者は所得が中央値より50-75%低い層を指します。 この基準に合えば、貴方はローンの資格を持ちます。 ローンを申請するには二つのオプションがあります。 保証低所得ローンと非保証低所得ローンです。 保証所得ローンでは、担保を提供します。 車や家電製品など高い価値があるものが担保になります。このオプションでは高額なローンを申請することが出来ます。支払い期間は30年までです。非保証低所得ローンでは25000（パウンド）までに制限され、支払い期間は10年までです。一番良い条件を得るためにはローンオフィスを探し、比較すると良いでしょう。

写真提供: latimesblogs.latimes.com

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支払い可能な家を購入する

写真提供: philadelphia-reflections.com

家を所持するということは、標準料金に加えて追加の料金も伴なってくるということです。 支払い可能な住居とは、一定の共同社会の財政能力内で 家を借りる ことをしばしば意味していまが、今や全所得階層の借り手と買い手両者を意味するようになって来ました。家を所持できるという標準的な目安は、家庭が一世帯に払う総計額の30％より低い住宅費用だということです。 これに含まれる住宅費用には、保険や所有者にかかる税金、また基本的公共料金が含まれます。 もし家を構える経費が家庭が支払う総計額の30％から35％を超えると、この家は支払いが不可能だとみなされます。
家を所持できるか否かというもう一つの目安として、地元や地方、または州政府などによって設定された最低賃金のみを支払われているフルタイム労働者の、通常時間賃金を調べることがあります。 目的は、フルタイム労働者がそれぞれの勤務地にある小さな家やアパートの支払いを可能にするためです。

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Buying the House you can Afford

Image Source: philadelphia-reflections.com

Acquiring a house entails a lot of both standard and additional fees. Affordable housing more often refers to rental housing within the financial capacity of a certain community but it has now come to include both the renters and buyers from all income brackets.The normal parameter for the affordability of a house is a housing cost lower than 30% of the gross take home pay of a household. Housing costs included in this are insurance and taxes for the owners and basic utility costs. If the operational expenses of running a house goes beyond 30%-35% of the total gross take home pay, then that house is considered unaffordable.
Another way of measuring housing affordability is by looking at the regular hourly wage of full time workers who are being paid only the minimum wage set by their local, regional or state government. The objective is for a full time worker to be able to afford a small house or apartment in the area where his or her work is.

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