CHA Resident and Business Owner
Help residents and voucher holders start businesses to become self-sufficient.
Member since 1 year ago
4 ideas posted
0 comments 1 vote
5 votes
Help residents and voucher holders start businesses to become self-sufficient.
5 votes
CHA should continue to offer opportunities for residents and voucher holders to receive computer training, if current program with Tech Services could be expanded as well as promoted more this could help residents.
10 votes
Could CHA secure a developer to build green, sustainable, energy efficient (solar) homes for residents that would accept the voucher instead of mortgage financing?
Perhaps some of foreclosure stock could be utilized or rehab?
10 votes
If voucher funds could be used to purchase homes, initially on a rent to own basis, then if the family meets appropriate and reasonable requirements the voucher can be used along with a Land Contract to purchase the home over time. With Land Contracts there is little of no need for financing or mortgages. Homes could be paid off sooner without interest bearing financing. Minimize the cycle of generations on program, ...more »
If voucher funds could be used to purchase homes, initially on a rent to own basis, then if the family meets appropriate and reasonable requirements the voucher can be used along with a Land Contract to purchase the home over time. With Land Contracts there is little of no need for financing or mortgages.
Homes could be paid off sooner without interest bearing financing. Minimize the cycle of generations on program, property passed to heirs. Build families in the community. Make families home owners instead of life long renters With Land Contracts there can be no equity until home ownership (end)
Another option if families are having difficulty qualifying for mortgages
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