Originally posted by @Greg Scott:
Isabella:
You have a noble goal. I encourage you to find others in your community who provide affordable housing and get their thoughts. They are more likely to be able to point you in the right direction.
Have you considered looking at apartments instead of houses? Even if you get a house for free, $500 per month is unlikely to cover the long-term operational costs of a house (taxes, insurance, repairs, management, vacancy, etc.) Another challenge with single family homes is they cost a lot more to operate. For example, they have higher utility bills. Someone also has to mow the lawn and plow the driveway. People who need affordable housing may not be able to handle those extra bills.
Yes I've definitely thought about multi family units. I am connected with organizations that are doing what I'm looking to do on a smaller scale with properties that were provided to them, they weren't seeking them out. I want to actively seek out properties with the goal of improving the community and providing housing to people in need. In my example i was referring to 500/room so 1500 total for the house. And i partner with an organization that hires the residents and they do things like landscape, maintenance etc. Those are all great points. Thanks for your reply.
