In the past few years, the rapidly escalating cost of housing in major cities across the country has caused a sharp increase in real estate agent commissions. In San Francisco, California, for example, the number of properties for sale has risen nearly 25% in the last year alone. This increase has resulted in a dilemma for informed homebuyers-how do they find a reasonably priced property which provides all the amenities they are looking for?

The answer is simple-find a broker and take advantage of the new boom in public housing developments that are being built by local governments, not-for-profit groups, and developers. Origin home found that in many cities, long-term vacancies, empty buildings, or vacant suites, caused up to $10k annually in lost rental income. Often times, they wouldn’t know when a unit was empty or not occupied, simply because most tenants would exit suddenly, without making rental payments. This often results in vacancy rates which are much higher than the current market rate. This issue could be solved by forming a partnership with a personal, affordable housing developer who is licensed to manage, maintain, and rehabilitate public housing developments. The resulting company would have many apartment buildings on the market at bargain prices, many of which would be occupied, and many of which would be generating rentals.

This arrangement would solve two problems simultaneously, reducing housing prices while bringing new renters. One of the big issues facing today’s buyers is housing discrimination due to nationality, race, or residency status. In many cases, prospective buyers are turned off from units that meet their criteria, just because the housing provider’s contract does not meet their income or credit requirements.

The second problem faced by many potential renters is the existence of an insufficient housing program in several cities across the United States. Many cities have what is known as a mixed-use zoning code. Under this sort of code, home can be built anywhere within the boundaries of the city, except in certain”special purpose” zones. While developers may have the ability to bypass these strict regulations in other cities, they are often unsuccessful in doing this in major urban growth areas such as New York City, San Francisco, and Chicago. A mixed-use housing program provides far more flexibility for builders to work with their resources and should therefore be explored if cash isn’t a limitation.

Historically, affordable housing programs are less prevalent in the suburbs than in major urban growth areas. However, that’s starting to change. Developers are starting to use what are called”micro-loans” to make markets where people can purchase real estate without needing to produce hundreds of thousands of dollars upfront. These”micro-loans” are a excellent way for urban development agencies to provide affordable housing in low-income neighborhoods, without the high prices and regulations that come together with large-scale development projects.

In addition to helping to create affordable housing through micro-loans and other creative financing procedures, developers must also look to renovate, update, and otherwise repair present apartments and commercial properties to maximize their market value. This can often be accomplished by simply adding new flooring, installing new windows, doors, lighting, and other modern-day features. Public housing ought to be remodeled and upgraded to meet the needs of an ever-changing demographic. By way of example, older and disabled people will need larger living spaces to encourage them to stay in their homes rather than move into overcrowded rental units. Public housing should be redesigned to add safety features, including properly lit stairways, designated entryways, elevators, and other amenities for elderly people and disabled people.

Developers should also look to develop properties within existing development sites for improved overall layout and functionality. Among the most common mistakes is to locate housing developments too close to one another. This creates unnecessary traffic jams, increases the risk of accidents, and can make it difficult for tenants to locate apartments. Developments that are too far from neighborhoods or other destinations can also negatively affect property values. In terms of design, an perfect housing development would be mixed-use and feature amenities that could appeal to a variety of residents. It should also provide easy access to key destinations without creating parking difficulties or overly congested roads.

Creating an attractive, accessible, and affordable housing program is important to creating a more welcoming environment for those who would like to move into a new building. Regardless of which sort of housing developments one chooses, there is always room to improve on the fundamentals. As developers strive to make more welcoming surroundings, it is likely that many of these developments will become long-standing clients of the same agency or programmer for which they are being developed. Those agencies might even opt to purchase or rehabilitation affordable housing units for their own development projects. By making affordable housing developments attractive, developers can also work to ensure that their projects will have the ability to draw buyers who need the services and quality of life which come with a quality rental apartment.