The housing crisis is a pertinent issue in the United States. And this problem got accentuated with the pandemic outbreak says Maxwell Drever. That is not all. Today, the pandemic outbreak has affected the hotel industry immensely. And it has made most investors and hotel owners explore the chances to convert these structures into affordable housing units. Today, the government authorities and lawmakers worldwide have also come across some of the best policy choices. And they are all in an attempt to sanction multiple programs to fund the relief initiatives for the troubling part of the society.
That is not all! According to Maxwell Drever, multiple non-profit agencies and organizations are attempting to transform the broken, old, and distressed hotels to create a permanent housing unit for people who belong to the middle- and low-income groups. And various bills today have been initiated for claiming the evicted properties and converting the same into affordable workforce housing. Additionally, it will assist the local zoning rules as well. Today, most authorities are attempting to manage the conversion regulations and rules.
The process of mass hotel conversion into an affordable workforce housing unit
Today, several non-profit organizations have such hotel purchases to support the people who have witnessed housing issues during the pandemic. And such hotels get transform into the workforce housing accommodations for people who belong to the low-earning bracket.
The segments converted to affordable housing can be categorize in two principal sections. One segment could be for the ones who are homeless and the other one could be for the rentals and aimed at the families with a reduced income. This concept of mass conversion of hotels can avert the overriding zoning rules in nearby areas, including several hotels. The local authorities can also get the required finances for buying the distressed and broken hotels and issue the order for mass conversion to create a permanent housing accommodation for the low-income individuals and the homeless individuals. And with very minimal remodeling and kitchen additions, these hotels can get convert to a housing system where people could reside safely.
A few important point
According to Maxwell Drever, there is a need for a push in the correct direction that can add speed to the mass conversion of hotels. This should get complete by the local authorities. However, amidst the conversion process, we need to know and understand. That this demand is very high to cater to the satisfactory levels too soon. Even if too many hotels get convert to affordable housing units. Today, the worldwide population of homeless people has increased, and the sudden pandemic outbreak has added to the trouble.
Hence, a certain percentage of affordable housing needs to be at a pace to cater to the existing demand. And the concept of mass conversion of empty hotels, properties. And motels requires a correct assessment as a little step to move to a broader strategy. To resolve the housing crisis. Hence, today it is essential for authorities to consider the mass conversion of hotels. To address the housing problem that has been existing for a while now.