What should the employment criteria be to rent or purchase a restricted home?

Status Quo

A member of the household must be locally employed at least 30 hours per week (or 1,560 hours per year).

Alternatives

1.A. The status quo.

1.B. Includes 1.A, except retirees must be 62-years-old.

1.C. Includes 1.A, except one member of the household must work an average of 40 hours per week or 1,920 hours per year.

1.D. Includes 1.B + 1.C

Solution

At least one person in the household must work at least an average of 30 hours per week (1,560 hours per year). Remove the ability for retirees to qualify to purchase or rent a restricted home. Remove the requirement that at least one person in the household must be a U.S. Citizen or Lawful Permanent Resident for rental units (Alternative 1.B with changes).

Show All Answers

1. What should the employment criteria be to rent or purchase a restricted home?
2. What kind of assets should be allowed and / or counted, and how much is the limit?
3. How many months out of a calendar year should a household be required to occupy a restricted unit?
4. What livability standards, if any, should apply to restricted units?
5. What percentage of a household’s income should be spent on housing?
6. When should a household have to qualify for a rental or ownership home?
7. How should sale/rent price be set?
8. How should restricted ownership homes be valued at resale?
9. How should rental be handled for ownership units?
10. How should the buy / sell process work?
11. What types of relief should be allowed from the Rules and Regulations?
12. How should new Rules and Regulations be applied to existing units?