10. RESULT: The adult shelter
census fell from 9,675
people per night in 1988
to 6,100 people per night
in 1994
11. It was found that
providing this housing
opportunity dramatically
reduced the amount of
people in homeless
shelters and an increase
in health and all around
lives of the previously
homeless
12. This experiment led to a
reduction in services costs of
$16,282 per housing unit, from a
total cost to taxpayers of $40,449
per person per year before
placement.
14. I propose building affordable
housing apartment complexes
where 60% of the tenants make
less than the average income for
the area and 45% of that 60% are
in the bottom quarter for income
for Hawaii
These are not my words. I got them from http://www.coalitionforthehomeless.org/wp-content/uploads/2014/06/briefing-supportivehousing-2002.pdf
For more info on this idea, it is a slight twist of this info from http://lotzar.com/difference-public-housing-vs-affordable-housing/
Which says “Lower income individuals do not always live in public housing developments or in developments that accept Section 8 vouchers to subsidize rent. The Low-Income Housing Tax Credit (“LIHTC”) program provides incentives for private developers and investors to build affordable rental housing within communities.
Developers and investors can qualify for LIHTCs to fund construction with a commitment to set aside a certain percentage of apartments in the development for low-income people. Tax credits are available if at least 20 percent of units in a development are occupied by people or families with income at or below 50 percent of the area median income (“AMI”). Credits are also available if at least 40 percent of units are occupied by people or families at or below 60 percent of AMI. These units must be rent-restricted. Dollar-for-dollar reductions in tax liability are available, so the LIHTC program provides a strong financial incentive for developers.
A state’s LIHTC allocations are too small to meet the demand for LIHTCs, so the application process is very competitive. Developers interested in providing affordable housing should speak with an attorney about the difference between public housing vs. affordable housing and should develop a plan for winning a tax credit award, or taking advantage of other special financing for new construction and rehabilitation of low income developments.”