Most people are unable to meet their basic need of having shelter. This can be attributed to several reasons, including low-income levels and joblessness. Responsible authorities are thus expected to formulate measures to manage this challenge; for example, by providing houses that those who are just out of college can afford. However, achieving the goals of providing affordable housing for young adults is a complicated issue which should be analyzed in various economic terms. The guidelines below can be used to guide such a project.
Consider cheaper house designs. The best designs are those that are flexible enough to cater to the occupants' needs while at the same time do not attract high construction costs. A good example is where economies of scale are realized due to massive scale constructions. Similarly, having rooms that adequately save floor space as dictated by the number of inhabitants can save on resources too.
Employ sustainable strategies. These are policies aiming at reducing construction costs so that the resulting renting expenses are as low as possible. This may include giving priority to local resources such as building materials and labor force. If the cost of rent is low, most low-income people would be able to afford a place to live in.
Consider establishing neighborhoods that are socially and economically diverse. This is a strategy that targets to eliminate characterizing residents based on their economic or social status. In mixed residentials, cheaper houses can be compensated for by the more costly ones. In addition, it offers more opportunities that low-income people can grab and increase their incomes. For example, pet sitting and residential care services may offer young people additional income.
Additionally, favorable transition systems should be enacted in such places. This is where individuals can shift from homelessness to owning or renting a home more comfortably without being discriminated due to their economic status. Growing families should also be ensured of their ability to meet shelter requirements. For example, they can be given rent-to-own options and the freedom to extend their homes to accommodate more people as the family grows.
Establishment of workers' residential areas. This is a program where the employer can decide to offer employees with economical residential places. Much emphasis should, therefore, be on the youths who are still struggling to find stable employment or are in between jobs. This will ensure that even those who are unable to afford proper housing are guaranteed a place to stay.
Houses can also be constructed with some shared facilities. Building such homes can significantly reduce rental expenses when users share certain standard utilities. However, each one of them still gets to enjoy the advantage of his or her privacy. This can reduce the cost of construction and maintenance, and sequentially, the rent.
The local government may also choose to establish a publicly owned residentials. Such quarters may be offered at a relatively low cost as compared to what is witnessed from the private sector. Such an initiative would ensure that rental income is just for maintaining the houses and not to generate profit. Also, the cost of owning or renting a home should be calculated basing on a person's financial ability.
Consider cheaper house designs. The best designs are those that are flexible enough to cater to the occupants' needs while at the same time do not attract high construction costs. A good example is where economies of scale are realized due to massive scale constructions. Similarly, having rooms that adequately save floor space as dictated by the number of inhabitants can save on resources too.
Employ sustainable strategies. These are policies aiming at reducing construction costs so that the resulting renting expenses are as low as possible. This may include giving priority to local resources such as building materials and labor force. If the cost of rent is low, most low-income people would be able to afford a place to live in.
Consider establishing neighborhoods that are socially and economically diverse. This is a strategy that targets to eliminate characterizing residents based on their economic or social status. In mixed residentials, cheaper houses can be compensated for by the more costly ones. In addition, it offers more opportunities that low-income people can grab and increase their incomes. For example, pet sitting and residential care services may offer young people additional income.
Additionally, favorable transition systems should be enacted in such places. This is where individuals can shift from homelessness to owning or renting a home more comfortably without being discriminated due to their economic status. Growing families should also be ensured of their ability to meet shelter requirements. For example, they can be given rent-to-own options and the freedom to extend their homes to accommodate more people as the family grows.
Establishment of workers' residential areas. This is a program where the employer can decide to offer employees with economical residential places. Much emphasis should, therefore, be on the youths who are still struggling to find stable employment or are in between jobs. This will ensure that even those who are unable to afford proper housing are guaranteed a place to stay.
Houses can also be constructed with some shared facilities. Building such homes can significantly reduce rental expenses when users share certain standard utilities. However, each one of them still gets to enjoy the advantage of his or her privacy. This can reduce the cost of construction and maintenance, and sequentially, the rent.
The local government may also choose to establish a publicly owned residentials. Such quarters may be offered at a relatively low cost as compared to what is witnessed from the private sector. Such an initiative would ensure that rental income is just for maintaining the houses and not to generate profit. Also, the cost of owning or renting a home should be calculated basing on a person's financial ability.
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