SAVANNAH, Ga. (WSAV) – The City of Savannah hosted a mobile workshop on Tuesday to highlight new affordable housing options under the Affordable Housing Fund.
Mayor Van Johnson and other city officials gathered to tour the factory-built homes currently being installed on Pennsylvania Avenue. The plan is to build more than 11 homes during the year, which will serve as housing options under the Affordable Housing Fund.
“So many times people hear affordable housing and think oh my god it’s the poorest people in our community or they have a sense of what affordable housing is and isn’t necessarily accurate,” he said. said Martin Fretty, City Manager of Housing and Neighborhood Services of Savannah.
Installing factory-built houses and having them transported keeps houses in much better shape than building them from the ground up.
“We know that the highest cost for every Savannian is the cost of your housing, the second is transportation and public transit, so we want to reduce those costs so that we can tackle the poverty problem that we have in the region. city. One room at a time, one house at a time, we have to fight this, ”said Nick Palumbo, City Councilor for District 4.
The city is able to create these affordable housing options using over $ 70 million in tax credits.
“When they get loans they sell them to businesses, businesses pay off the loans, and that money goes into building houses that don’t need to be paid, which is why the rent can be so low. that two. at three hundred dollars a month, ”explained Fretty.
the Housing Savannah 40-member task force and spent months researching an updated plan. The task force has a list of its findings below:
- The cost of housing in Savannah has exceeded incomes by a 2-to-1 rate over the past 30 years, and 21,400 or 40% of Savannah households cannot afford quality housing.
- This means that multi-income households earning less than $ 50,000 per year, or $ 24 per hour full-time, will struggle to afford quality housing.
- Single-income households earning less than $ 35,000 per year, or $ 17 an hour full-time, are in the same boat.
- A one-earner household earning $ 7.25 an hour at minimum wage would need to work two and a half full-time jobs to afford a quality two-bedroom apartment.
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To learn more about the Affordable Housing Fund and to see if you are applying, you can Click here.