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Have you heard of Section 8? There are landlords who specialize in such programs - the benefits are quite compelling for the right cashflow setup, taking the Fi

Have you heard of Section 8? There are landlords who specialize in such programs - the benefits are quite compelling for the right cashflow setup, taking the Finnish model as the example: you rent to the NGO that has government backing (e.g. risk of nonpayment goes to near zero), the NGO assumes all risk and is responsible for the unit. That’s a pretty great deal compared to the Landlord being responsible for vacancy, individual tenant management, etc.

s5300 5y ago
Sorry, I was speaking specifically with regards to San Francisco w/the parent. And yes, I believe there is some Sec 8 in SF, but not exactly the point of the current issue.
- sologoub 5y ago
  We have to structure the incentives to drive the outcome. Sec 8 is one program that (for all its faults) has shown effective and manageable. The door swings both ways - need to ensure good landlords want to provide housing and the “slumlords” are identified and punished/removed from programs. SF also has the BMR program that’s designed to provide ownership opportunities for low income people. If NGOs with State backing could be involved, BMR inventory could be an interesting starting point. Then you could provide additional incentives to developers to include even more BMR units, etc.
maqp 5y ago
Plus here in Finland the city owned apartments etc. are distributed around the city (not the Manhattans but the rest). Thus there are no slums in Finland and thus there's practically zero gang problems: there's exactly two city districts in the entire Finland I would not feel safe walking at night. So individuals renting to NGOs, city buying apartments etc. benefit both the community as well as the individual who gets out of the crayfish trap.* *There's a popular analogy with crayfish traps here in Finland wrt. one individual finding their way out of the trap, only to have the other crabs pull them back in.

s5300 5y ago

Sorry, I was speaking specifically with regards to San Francisco w/the parent. And yes, I believe there is some Sec 8 in SF, but not exactly the point of the current issue.

sologoub 5y ago
We have to structure the incentives to drive the outcome. Sec 8 is one program that (for all its faults) has shown effective and manageable. The door swings both ways - need to ensure good landlords want to provide housing and the “slumlords” are identified and punished/removed from programs. SF also has the BMR program that’s designed to provide ownership opportunities for low income people. If NGOs with State backing could be involved, BMR inventory could be an interesting starting point. Then you could provide additional incentives to developers to include even more BMR units, etc.

maqp 5y ago

Plus here in Finland the city owned apartments etc. are distributed around the city (not the Manhattans but the rest). Thus there are no slums in Finland and thus there's practically zero gang problems: there's exactly two city districts in the entire Finland I would not feel safe walking at night. So individuals renting to NGOs, city buying apartments etc. benefit both the community as well as the individual who gets out of the crayfish trap.* *There's a popular analogy with crayfish traps here in Finland wrt. one individual finding their way out of the trap, only to have the other crabs pull them back in.