THE Diamond Developers: Affordable Housing

1. Use Pre-Existing Structures and Remodel Interior

The group feels that it’s a good idea because it solves more problems than just expensive housing. First, it helps transform brownfields into something functional. Second, it would take away a large structural cost, since the main foundation to the home is built. The remaining costs would be the interior, such as appliances, HVAC, and electrical. This reduces the cost that both the developer and the buyer would need to bring forward. In addition to old buildings, another pre-existing structure that can be used are shipping containers. Recently, a lot of people have been building their shipping container houses in order to save money on building costs as well as utility bills. This helps reduce the number of unused containers, while also decreasing costs to the homeowner, who again only has to pay for the interior remodeling.

2. Build near Public Transportation

The group feels that building a development near transportation lines is a good idea because it reduces costs elsewhere in the homeowners life. It would benefit not only the owner, but would also benefit the companies that they work for. Being close to transportation would allow them to easily get to work. This would make housing more affordable in the sense that other expenses in the homeowners life would be decreased. Cars cost a lot of money both for maintenance and gas, so not needing to rely on one would leave more money in the budget for a home. Additionally, the developer would be able to eliminate substantial parking. This can increase the number of properties that can be built, ultimately increasing the density of the housing development.

3. City wide policy requiring certain percent of housing in all development projects to be “affordable rate housing”

The group feels that this is a good idea because it can help solve problems that could potentially arise from neighborhoods with only affordable housing. These neighborhoods tend to be lower income, therefore the schooling is also not as great as some of the schools in suburbs. This is unfortunately a common problem, which is why integrating the affordable housing into all neighborhoods can help mix the socioeconomic statuses, and allow everyone to benefit from the better schooling and environments. This would help prevent these areas from becoming some place that people try to avoid. This plays more into circulating resources to everyone in the community, since there will be more interactions among different people. This can help spread ideas, knowledge, and even job prospects. It allows equal opportunity, regardless of your income. This can provide further payoffs in the future, and certainly allow more people to rise above their current income level.

Which is considered the best idea?

The group considers the first idea, remodeling pre-existing structures, the best idea for making housing more affordable. The idea solves more than just a housing problem, and saving money on the main structure and foundation work will cut a lot out of the overall budget. It helps more people afford housing, while also turning a previous brownfield into a functioning site that plays into the community. This idea helps not only the homeowners, but the other community members also benefit, and it is for that reason that it is thought to be the group’s best idea.