>>>If there are any real estate developers out there reading this, please FreeMail me. I have had some ideas about this for some time, and it might be worth a conversation.<<<
The reason there isn’t a real estate solution is because the powers that be make it so one doesn’t exist. This woman would be happy living in a SRO. Single room occupancy. Imagine a floor of a dozen rooms with a few toilets and showers in a bath on the floor. Double that to two floors, one for men, one for women. You could probably do all that with a footprint of 40’ x 75’. 48 units with a rent of just $400 a month would be a potential gross income of $230K per year.
Now do the math on what it would cost to build said property and you know real estate investors would build that in a heartbeat. But they don’t exist because zoning laws don’t allow such a structure to be built. No, you gotta have a bath and kitchen in each unit. There are also limits on the density, number of units per lot size. All these are done to make such a building I described as illegal. And thus an affordable housing options many would be happy to have over a typical apartment, can not possibly exist.
The problem is government and said restrictions. Not everyone wants to pay the costs of a full fledged apartment. I personally find it asinine that local towns all over discriminate against the poorest of our countrymen in this manner.
Heck -- you could probably even get something like this built in most jurisdictions under the existing zoning regulations for a hotel or college dorm.
I'm torn. If you were a home owner, or property owner, or even a business owner in the area of an SRO, it's been known to attract bums, winos, hobos, etc., and not "normal" people.
OTOH, it could probably be some fake SJWs, in collusion with Section 8 administrators, taking out the competition.
That type of housing should not be against zoning. It sounds like a dormitory, which would work for affordable housing. The politicians need to put their money where their mouth is, change zoning so these could be built.
High density Democrat voters. No better way to destroy the Conservative vote.
Zoning restrictions work well. A two story city limit on apartments keeps out the ghetto.