Quote:
Originally Posted by Future Mayor
Since I was a teenage I always thought the New Grand on 400 S and Main would be a really cool place to live. The location the charm of the building is great but it is 100% low income and even stepping in the lobby is disgusting. This one is truly low income not moderate income.
It's a tough balance, because there are those that would qualify, as "moderate income" like arkhitektor said he would, that would fit in perfectly fine in a mixed income building, and with good management it would remain nice, yet there becomes an issue with the low income residents. Can the truly low income residents be inter mingled with those residents paying market rate?
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Future Mayor:
I volunteered in Nov/Dec to help our local housing authority out with a grant application to HUD. The focus of the grant, by HUD requirement, was to provided "mixed-income" housing for residents of our community: about two-thirds who do not need housing assistance, mixed in with about 1/3 who do. Apparently, mixed-income development have a pretty good track record around the country, which makes sense to me.
There are also programs in these mixed-income projects for people who need housing assistance to deposit a certain amount each month that is held in reserve by the Housing Authority. At the end of a period of 7-10 years, if the residents have kept their payments up, they accrue enough money for a down payment on the residence. I should have also added that the mixed income program also includes mixed use, with some buildings single-family, some multi-family, and a small portion commercial.
In addition, we had Habitat for Humanity as one of our major partners, who will build an additional 10 homes (out of the total of 172 units) that will be single family homes reserved for people of low incomes who meet the additional Habitat for Humanity requirements.
So the answer to you concern about whether low income residents can effectively be mixed with those of higher incomes in a mixed-use community seems to be a resounding yes all over the country.
Maybe other readers have different experiences, but from what I read in preparing this application, there seems little doubt about this issue anymore.