Although the recent tech boom in San Francisco has been blamed for the increased housing demand and the lack of affordable rental housing in the City, the reality is that the shortage of affordable rental housing been steadily climbing for the last 35 years. Rent control is oftenat the center of the controversy regarding the affordable housing shortage. In response to high inflation, and escalating rents, San Francisco’s Residential Rent Stabilization and Arbitration Ordinance was passed in 1979 (Forbes, Sheridan, 1999). Rent control imposes restrictions on landlords in regards to rent increases and evictions. It is estimated that seventy percent of San Francisco’s rental units are under rent control (Marti, Shortt, 2013). Because of the limited rent increases allowed, tenants living in these rent controlled apartments seldom move out, which severely impacts the vacancy rates in the City. Although the vacancy rate among rent-controlled units is extremely low, there are occasions when a tenant may vacate a rent control unit (a job out of the area, the decision to purchase a home, etc.). When a rent-controlled unit is voluntarily vacated, the landlord is allowed to raise the rent to market rates (this is called vacancy de-control); then the rent control annual increase takes effect on the new rent. A landlord will often raise the new rent to the highest possible price the market will allow, in an attempt to recoup the financial loss he is incurring on the units still under rent control. Because of the new higher rent, the previously affordable unit is no longer considered affordable; which then impacts the inventory of affordable housing in San Francisco.
“Rent control creates incentives for owners of controlled units to move thes...
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...t of owning a rental property is more than the income it produces. The bottom line is that owning a rental property is a business, a way of making a living for most property owners, and must be viewed as such. My idea is to develop a policy that requires all residential multi-unit buildings to provide a percentage of rental units to serve the following populations: economically disadvantaged, veterans, and middle income. Resources such as low interest capital improvement loans, government subsidies to offset low income rates, allowable rent increases based on tenants length of tenancy and change in income, will be made available to property owners who offer more than the required number of units at affordable rents. The funding for these would come from the newly formed San Francisco program, Housing Opportunities Promoting Equality, known as the H.O.P.E. Program.
Those who argue in favor of rent control say that it is the only way to protect
This housing affordability crisis is stripping away it’s diversity at increasing rates and I feel that not enough is being done to restore it. Liz Pfeffer article “Is the Bay Area in a Housing Bubble or a Crisis?” describes the situation as, “San Francisco’s chronic problem is a lack of housing for middle and lower-income people. It’s not that they can’t afford it, it’s that it doesn’t exist”. Officials should collaborate on creating solutions to the root causes and offer alternatives that would release some of the pressure. I would suggest promoting micro-homes or smaller scaled homes, limiting foreign investors’s purchases of single-family homes, or expanding campuses of employers to areas that are not heavily populated. It is not too late to restore the balance but it will take collaboration and team work. I am urging these officials and activists to try and save the beloved culture of this area and help retain it as a place where social justice is recognized and
Gentrification is defined as the process by which the wealthy or upper middle class uproot poorer individuals through the renovation and rebuilding of poor neighborhoods. Many long-term residents find themselves no longer able to afford to live in an area, where the rent and property values are increasing. Gentrification is a very controversial topic, revealing both the positive and negative aspects of the process. Some of the more desirable outcomes include reduced crime rate, increased economic activity, and the building of new infrastructures. However, it is debated whether the negatives overwhelm the positive. An increase in the number of evictions of low-income families, often racial minorities can lead to a decline of diversity
the cost of living in Toronto has come to a record high, we need to start doing something about it now before no one can afford to live at all. There are more than 30,000 women, men and children in the city's homeless shelters annually. Many of thousands more sleep on the streets or considered the “hidden homeless”. About 70,000 households are on Toronto’s social housing waiting list and on the brink of becoming homeless because of the skyrocketing prices of owning a home in Toronto. The Federal Government and the province have begun a slow reinvestment in housing in past years, the number of affordable housing being built now doesn’t even compare near the levels of the early 1980’s. Habitat for Humanity has been building houses for low income
Therefore, the supply of housing that is affordable and accessible to low income people should be increased. Plus assistance that allows people to reach adequate stability should be regarded as a good investment in a productive society, in order to attain our objective. First we could start by introducing more productive assistance programs that actually focus on helping those in need of housing assistance. These programs will analyze how long people are homeless, what are their needs, the causes of homelessness, and in all how many are currently without a home. Subsequently, the City of Austin would begin building affordable housing according to the amount necessary.
The affordability of housing is one of the most critical factors that determine the well being for Californians. Housing affects people’s lives in terms of education, recreation and choices for jobs. On the state level, the cost of housing has important impact on California economy, affecting the extent to which employers are able to hire and retain workers and influencing their preferences on whether to work and remain in California.
Lastly, housing first is an approach that emphasizes stable, permanent housing as a primary strategy for ending homelessness. ( “Housing First”, n.d.) An evaluation of this strategy in San Francisco found that the number of people living on the streets dropped by 41 percent in three years. More than 1,000 units of "permanent supportive housing" were established, and, of those who moved into such units, 95 percent remained housed. (Chamard, 2010)
The main problem rent control can create to landlords is the case of the tenant do not move out because of the good rental price. That causes the landlords to lose money by not being able to increase the rental price of their units. Besides, the price of maintenance continues to increase, causing landlords to not earn any profit with their ...
Throughout my research I found there is a real cry out for action on providing more affordable house not just locally but throughout the country. There needs to be more funding available to build more gear to income or subsidized housing and all levels of government need to take action.
result from the withdrawal of the federal government’s investment in affordable housing. It has been noted that
The American dream was owning a house with a white picket fence. Now this dream is impossible. Individuals and families find it more difficult to find a decent home to rent in a suitable living area. According to Huffington Post, the hourly wage needed to afford a two bedroom apartment in California is at least $26 an hour. This is more than triple the minimum wage. Eviction, relocation, and inflation are the common keywords that associate with affordable housing. I 'm hoping to persuade you to support affordable housing for all. Today, I will be discussing, one, inflation of the housing market that needs to decrease, two, eviction from homes, three having to move to communities far from their work site.
The urban removal of citizens without warning and without compensation is a major problem in Rio and numerous of Brazil’s other cities. Living in close proximity highly valued land and the fact that these communities often lack the organization to defend themselves legally, the evictions target the poorest members of Brazil’s society. Numerous media outlets have covered these stories over the last couple years, with similar scenarios happening throughout.
...ojects one at a time and assist individual households threatened with eviction. Resources should be divided between short-term and long-term actions. Finally, anti-gentrification advocates should develop a comprehensive approach to slowing down gentrification. ?A combination of relocation assistance, homebuyer programs, affordable housing development, land use planning, community organizing, and small business support must occur to address gentrification on all fronts? (Alejandrino 47). These are just some recommendations to help rescue those negatively affected by gentrification.
Gentrification is a highly important topic that has not only been occurring all over the United States, but especially closer than we may have thought. San Francisco is home to hundreds of thousands of people who have been a part of how amazing this city has become. San Francisco is one of the most visited places in the world with many of its famous landmarks, endless opportunities not only for daytime fun but also has an amazing nightlife that people cannot get enough of. People come for a great time and could not be done without the help of the people who have grown up to experience and love this city for what it truly is. The cost of living in such an important city has definitely had its affect of lower income San Francisco residents. For decades we have seen changes occurring in parts of San Francisco where minorities live. We have seen this in Chinatown, SOMA, Fillmore district, and especially the Mission district.
College is a life altering experience. It is a place where you leave anything and everything you have ever known, to come to a place where nothing is familiar. The summer before your freshman year of college can be a nerve racking experience. You anxiously wait for the day when the mailman will bring you that envelope that holds your fate. Enclosed in this envelope is the name of your roommate. Your roommate can have the biggest influence on your freshmen year. They can turn into your best friend or your worst enemy. You anticipate the day when you actually get to meet the person you will be living with for the whole year. At Penn State there are no guarantees that you will have anything in common with your roommate at all, and that is a scary thing.