Can gap lending for gentrification create a short term solution for existing single family residential properties that can enhance the sustainability of home ownership now while long term policies are implemented?
Imagine providing a 1% lending credit annually, to every house owner for preservation purposes. This will begin to enable a 360* approach to the Power of Home Economics and the long term sustainability of family and home.
While California falls short at approximately 3.5 million units of housing; zoning, laws and land development can be seen as long term affects while immediate changes to both sides are needed simultaneously.
When families have stable, decent,and accessible homes that they can afford, they are better able to maintain employment, perform better in school, and achieve improved health and well-being(Desmond & Gershenson, 2016; Maqbool, Viveiros,&a…