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Segregation and Pricing Challenges Affecting Connecticut’s Affordable Housing Projects

Connecticut residents are constantly complaining about the state of affordable housing in their area. With growing families and inadequate incomes, the residential housing sector is lagging in numerous ways. At the same time, regional housing plans for urban centers and wealthy communities are bound to enhance segregation within the state. It is a growing cause for concern as the demand for affordable housing is constantly on the rise. According to Connecticut’s National Low Income Housing Coalition, a significant percentage of the state’s renters are under severe burden. With minimum wages being $624 a month against $1,152 fair market rent for a single bedroom apartment, almost half the income goes towards rent leaving little for other expenses like healthcare, education and various basic necessities. Minimum wage workers need to devote at least 74 hours a week to their job in order to afford a modest 1-room rental in the state. These statistics depict just a tip of the iceberg. Here are some other problems that are plaguing the state’s affordable housing industry at present. The Housing Crisis Is Not a New Problem The Connecticut affordable housing crisis has been building for… Read More »Segregation and Pricing Challenges Affecting Connecticut’s Affordable Housing Projects

How To Keep Affordable Housing Livable

The construction of affordable housing is riddled with difficulties. Let’s mention the most obvious one: financial limitations. Communities are also concerned that these often-ugly structures may depreciate the value of nearby properties. Unfortunately, they are right most of the time! However, some solutions can be implemented to help more people live in affordable, safe housing, promoting a productive lifestyle in the process. So, on that note, a few strategies to keep affordable housing great to live in are listed below. Using Pre-Fabrications And Off-Site Construction Architects have long campaigned for modular construction for various reasons, including cost savings, improved quality control, and the ability to move in fast. This method has been employed successfully in inexpensive housing complexes such as New York City’s Carmel Place. Furthermore, Brooks + Scarpa teamed up with Plant Prefab in Los Angeles to develop the Nest LivingHomes toolkit.  It’s a collection of scalable modules that can be assembled into varying combinations to meet the needs and conditions of particular locations. Therefore, Maxwell Drever of drever capital management suggests taking a page out of these companies’ books and incorporating the same approach to keep affordable housing great to live in. Maintaining… Read More »How To Keep Affordable Housing Livable

How to Find Affordable Housing in Los Angeles

There’s no denying that Los Angeles is one of America’s best cities to live in. Moreover, it is the most populated city in California, with a population of nearly 3.9 million. With more and more people moving to the City of Angels, finding affordable housing is becoming difficult. However, this isn’t entirely impossible. You can find a pocket-friendly housing unit in Los Angeles by following a few tips. In this article, Maxwell Drever of drever capital management will discuss four tips for finding affordable housing in Los Angeles. 4 Tips for Finding Affordable Housing in Los Angeles The following are the four best ways to find affordable housing in LA: 1.     Determine Your Budget Before beginning your hunt for the house, it’s advisable to determine the amount you want to spend on housing. This can be handy because it will help you decide what you can do to reduce the rental costs without compromising your quality of life. This all depends on how much you wish to spend on housing. However, it’s always wise to avoid selecting housing options that require excessive spending while providing only a few better features… Read More »How to Find Affordable Housing in Los Angeles

Challenges of Creating Affordable Housing in NY – Maxwell Drever

New York is the promised land every red-blooded American wants to call home. This is the city where the American dream was born. Millions have come here and grabbed their slice of pie. As per Maxwell Drever, the wealth generated in New York can set your generations for life; hence many people wish to live here.However, not many can as they struggle to afford the rent in this city. They are struggling because the rent here is the highest in the country. You can easily pay upwards of $3,000 a month for a studio. Thinking about a one to two-bedroom is simply out of the question.But why is a situation like this in New York? Maxwell Drever believes people struggle to live in New York because it has some of the fewest affordable housing projects in the country.You ask why? This is exactly what we highlight in this article. We will discuss the challenges New York faces in creating affordable housing. So without any further ado, let’s jump right in. The following challenges are New York is Crowded As Per Maxwell DreverNew York is the most populous city in the… Read More »Challenges of Creating Affordable Housing in NY – Maxwell Drever

Affordable Housing Challenges Boston Faces As Per Maxwell Drever

Boston is the largest city of the original American thirteen colonies. This city has a rich history, so naturally, people were compelled to live here. However, as the days progress, living here is near impossible because Boston has a serious affordable housing problem. Many reasons make Boston a wonderful place to live, and these reasons have ensured that Boston attracts the attention of the wealthy. Maxwell Drever believes these people, like anywhere else, have driven most of the original Bostonians out by the lack of affordable housing options. And the reason most of these Bostonians are choosing to leave the city altogether rather than finding affordable housing is that there are very few projects. The government couldn’t build new ones because of the following challenges: 1.    Maxwell Drever Believes Gentrification is The Primary Challenge Gentrification is the most significant cause of Boston having an affordable housing problem. This is because gentrification has allowed people of wealth to take over working-class Boston neighborhoods and turned them into expensive neighborhoods that the blue-collar cannot afford. 2.    Spill Over Crowd From New York The second major challenge, according to Maxwell Drever, Boston faces… Read More »Affordable Housing Challenges Boston Faces As Per Maxwell Drever