Homeless youth

PROPERTY MANAGEMENT

SINGLE ROOM OCCUPANCY(SRO)

The Effects of COVID-19 on California’s Homeless

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SUCCESSFUL CONVERSION OF HOUSING

Successful housing conversions for special need population require forethought, planning, and strong partnerships from both the public and private sectors. Strong partnerships lead to the acquisition of sound financing support, rapid completion of permanent supportive housing projects, and the alignment of appropriate supportive services necessary for high retention.

Our objectives are well aligned among partners and held to higher moral standards. We at Myafribz, continuously hold ourselves accountable to these higher moral standards in regards to transitional and permanent supportive housing.

Click on the video below to watch Youth Homelessness in the Wake of COVID-19 Featuring Youth Voices.

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STRONG PARTNERSHIP FOR 
SOLUTION

Our strong partnerships allow us to complete affordable transitional permanent supportive housing under the Continuum of Care faster and cheaper, yielding more units. Conversions can be accomplished in just a few short months instead of the years it takes for new construction.

A permanent supportive housing project has three essential components:

1. A source of funds for development (acquisition/rehabilitation).
2. A source of the rent payments.
3. A source of funds for supportive services. 

Housing Models and Components

In the traditional model, the government underwrites all three components; but in the private/public partnership model, private investment funds the acquisition and rehabilitation of the development.

The key benefits of using private investment for acquisition and rehabilitation means that the project is acquired and delivered outside of government funding. This model frees the government of the regulatory complexity of traditional affordable housing projects and allows it to simply fund the supportive services and the rent with housing vouchers. Hence housing can be delivered faster and less expensively while yielding more units to accommodate the needy population we serve. 

Private Investor

In the private-public partnership model of residential property conversions, the private investor acquires the property using private monies instead of through government funding. This private capital is also used to buy land and construct affordable housing projects, buy and rehab/convert existing building units into studio /efficiency apartments or single room occupancy. In bypassing the process of securing government funding for acquisition and rehabilitation, the private partner can avoid the often-significant delays involved with securing government funding. Instead of the typical 6 to 12 months financing contingency in a purchase agreement, the parties are motivated to complete the purchase quickly, often in as little as 10-25 days.

The four primary elements of a supportive housing project are: 

Housing units

1. Project Design and Administration: 
The process of planning and leading the supportive housing project, including key decisions about physical structure, team members and funding

Housing units under in renovation

2. Property and Housing Management: 
The ongoing operation of supportive housing and connection to private market landlords. 

Team work

3. Supportive Services:
The package of support services available to help tenants use stable housing as a platform for individual health, recovery and personal growth.

Community

4. Community:
The relationship to and role of housing in the larger context in which it operates.

Process
OUR GOAL IS TO SOURCE PUBLIC & PRIVATE  FUND TO INCREASE THE SUPPLY OF AFFORDABLE QUALITY SUPPORTIVE HOUSING PROGRAMS THAT IMPROVE THE QUALITY OF LIFE OF THE DISABLED, ELDERLY AND HOMELESS  PERSONS.

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