Converting vacant hotels and motels into affordable housing for the workforce and Maxwell Drever’s input
Housing for the workforce got developed for families stuck in between actually affordable housing systems and actual luxury housing. Even when you consider the workforce, incomes are insufficient for families as a significant part of their incomes goes towards housing accommodations. You are leaving a substantial amount of your living expenses neglected. If you consider the pandemic, revenues have dipped lower recently, putting families at risk and in vulnerable positions of going homeless. In such cases, luxury housing can be a thing low-income groups cannot afford. Let alone wish for better neighborhoods.
A more significant gap gets created between workforce housing and luxury housing. But with the crisis, Covid-19 also brought an opportunity to convert hotels and vacant properties into affordable housing systems for the workforce, ensuring better neighborhoods and other benefits.
Covid-19 leaving motels and other broken hotels for most of the season has helped create a once-in-a-lifetime opportunity for local authorities to expand affordable housing in better neighborhoods. The pandemic saw a widespread rise in hotel vacancies, and cities can act more aggressively and faster to create affordable new housing for the workforce.
Local authorities can act along with better housing policies and propose better funds to utilize the opportunity and mass conversion of broken-down hotels to a better housing system. A more aggressive approach can help create newer housing units at a faster pace.
How to convert hotels?
Through non-profits, programs can get formed to financially back purchases of hotels that have been distressed by the pandemic. And then, these hotels can be converted into affordable housing units for low-income groups.
Maxwell Drever points out, the units converted to affordable housing can stay divided into two halves. One section can be proposed for the homeless while the other half can get used for rentals, targeted towards low-income families. The mass conversion idea can also help avoid overriding zoning rules in neighborhoods that consist of many hotels.
Local authorities can get awarded funds to purchase broken-down hotels and roll out mass conversion to permanently affordable housing opportunities for the homeless and low-income households. With only a minor renovation and the addition of kitchens, motels can get perfectly created into permanent housing systems for the vulnerable.
Maxwell Drever says a push in the right direction can help quickly convert the motels through special privileges given to local authorities. But what should be understood in the conversion process is that the demand is too high to meet satisfactory ends even with mass conversions, regardless of the speed and benefits provided. Globally, the homeless population has increased, and the pandemic has seen the worst part.
A considerable amount of affordable housing units need to stay created to remain at pace with the demand. The idea of mass conversion of vacant properties, hotels, and motels should only need evaluation as a tiny step towards a broader strategy against the affordable housing crisis faced by the world. Therefore considering the concept is highly important for the benefit of the workforce.