Switch Management’s Post

The federal government must take urgent steps to fix the Housing Choice Voucher (HCV) program to ensure more landlords are willing to participate. Without sufficient incentives and streamlined processes, many landlords are opting out, limiting affordable housing options for those in need. One solution could be improving voucher implementation, and companies like Matrix Rental Solutions are leading the way in making this process more efficient and attractive for landlords. By making the HCV program more effective and user-friendly, we can increase participation and provide more affordable housing to communities. Sipho Simela is transforming rental housing across Connecticut and the U.S. with Matrix Rental Solutions through its Universal Residential Rental Application platform. To streamline complicated and costly rental application processes, Matrix takes a "One Application, One Screening, One Fee" approach. The platform integrates advanced matching of prospective renters with rental units and tenant screening that factors Housing Choice Vouchers into an applicant’s ability to pay. By reducing administrative burdens and costs for landlords, prospective renters, and housing authorities, Matrix improves stable housing access for historically underserved communities. For more details, check out this article: https://lnkd.in/eEhFh79V Maureen Coffey Susan Cunningham #AffordableHousing #HCV #HousingPolicy #RealEstate #MatrixRentalSolutions Urban Institute kudos to the authors Laurie Goodman Katherine Fallon

🏠 Insight into Ontario's Rental Market Dynamics Recent data highlighted by CBC News reveals a concerning trend in Ontario's rental market. In 2022, less than two dozen corporate landlords filed over half of the applications for rent increases above provincial guidelines. This concentration of market power among entities like Starlight Investments suggests a pivotal role in shaping affordability and accessibility in housing. With an 88% approval rate for these above-guideline increases (AGIs), the implications for affordability, particularly for vulnerable populations, are profound. As a scholar in housing affordability, I urge a reevaluation of our regulatory frameworks to address these disparities and ensure a more equitable housing system. This moment calls for a critical examination among academics, policymakers, and practitioners to foster a sustainable and inclusive approach to housing. #HousingAffordability #RentalMarket #PublicPolicy #OntarioHousing

🏠 𝗘𝘀𝘀𝗲𝘅 𝗛𝗼𝘂𝘀𝗶𝗻𝗴 𝗖𝗿𝗶𝘀𝗶𝘀: 𝗧𝗲𝗺𝗽𝗼𝗿𝗮𝗿𝘆 𝗔𝗰𝗰𝗼𝗺𝗺𝗼𝗱𝗮𝘁𝗶𝗼𝗻 𝗗𝗲𝗺𝗮𝗻𝗱 𝗦𝗼𝗮𝗿𝘀 𝗔𝗺𝗶𝗱 𝗟𝗮𝗻𝗱𝗹𝗼𝗿𝗱 𝗦𝗲𝗹𝗹-𝗢𝗳𝗳 Over 2,150 families in Essex rely on councils for temporary housing, and local budgets are feeling the strain. Rising rental costs, alongside landlords increasingly selling properties due to tax pressures and proposed budget changes, are driving demand to unprecedented levels. For instance, Chelmsford's council has spent £4.8M on temporary housing this year—more than double its initial budget. Meanwhile, Basildon has witnessed a tenfold increase in demand since 2019, and with the cost of private rentals escalating, councils are relying more on costly bed-and-breakfasts, potentially spending up to £3M annually. 𝗖𝘂𝗿𝗿𝗲𝗻𝘁 𝗖𝗵𝗮𝗹𝗹𝗲𝗻𝗴𝗲𝘀: 🚨 Resource Constraints: As landlords exit the rental market, housing options dwindle, forcing councils to relocate families up to 40 miles away. 🏘️ Unmet Demand: Landlord withdrawals are creating a critical gap in available housing for low-income families, worsening overcrowded conditions. 𝗣𝗿𝗼𝗽𝗼𝘀𝗲𝗱 𝗦𝗼𝗹𝘂𝘁𝗶𝗼𝗻𝘀: To counteract the exodus of landlords, councils like Basildon aim to acquire 500 homes in the coming years, while Harlow and Southend explore repurposing old B&Bs as affordable housing options. With housing at a tipping point, creative and sustainable solutions are needed now more than ever. Despite the uncertainties about the governments' intentions, there is a massive need to be fulfilled and there are still opportunities to be taken. How do you think we can make the rental market viable for both landlords and tenants? Source: BBC #EssexHousing #LandlordExit #AffordableHousing #CommunityImpact #TemporaryAccommodation #PropertyMarket #HousingSolutions #BBC

NYC Rent Board Set to Increase Rent for Stabilized Apartments Rents for NYC's approximately one million rent-stabilized apartments will increase by 2.75% starting this fall. Both tenants and landlords are dissatisfied. What happened: The New York City Rent Guidelines Board has approved rent increases for nearly one million stabilized apartments. Effective in October, rents for one-year leases will rise by 2.75% and two-year leases by 5.25%. The decision sparked immediate protests from tenants and activists, who demonstrated outside the board's meeting venue at Hunter College. Source: NYC Rent Guidelines Board Zoom in: About 25% of NYC's population lives in rent-stabilized apartments, with a median rent of $1,500 versus $4,250 for market-rate units. Neither tenant nor landlord advocates were satisfied with the board's decision. The board noted landlord incomes rose by 10.4% while costs increased by 6.1%, yet many tenants spend over 30% of their income on rent.

The Ministry of Housing, Communities and Local Government English Private Landlord Survey, shows big increase in #landlords planning to sell up. LandlordZONE reports. #lettingagents #estateagents #propertymanagers #propertymanagement https://lnkd.in/ei6X8zJm

English Private Landlord Survey: Why we are crucial to the housing market With not a lot to do I read the publication of the English Private Landlord Survey and found it was... Read Full Article ⤵️ https://lnkd.in/dZx4cR8D #LandlordsDefence #Landlords #HMO #BuyToLet

Why Sadiq Khan’s plans could benefit landlords everywhere London Mayor Sadiq Khan aims to provide 6,000 rent-controlled houses by 2030 Despite their emphasis on tenant affordability, Khan's policies may have some indirect benefits for landlords as well. These dwellings, aimed at important professionals like teachers, nurses, and shop staff, would be rented at much lower rates—estimated to save residents up to £600 per month compared to market rentals. Landlords gain from the stability and professionalism that such plans can provide to the rental sector. Firstly, by providing inexpensive, stable housing for important workers, these programs may alleviate pressure on private rental demand in the most competitive areas. This might help landlords attract better renters or stabilise rent levels in London and beyond. Sadiq Khan's rent-controlled housing project is primarily intended to alleviate London's urgent affordability crisis and would immediately benefit landlords in the capital, but the larger principles and indirect consequences could have ramifications for landlords outside of London as well. Furthermore, such innovations may minimise administrative and financial risks to private landlords. With certain rental housing under regulation, landlords may face less scrutiny on affordability, allowing them to focus on maintaining and renovating homes to attract higher-income renters or niche markets. Finally, rent-controlled housing for critical workers is consistent with larger aims of economic stability. By retaining key workers in the city, landlords in surrounding areas can benefit from a more stable economic basis, sustaining tenant demand across various income levels. While some landlords may see rent restrictions as a competitive disadvantage, they might indirectly profit from a healthier and more fair housing market, which decreases turnover and stabilises community demand. #property #rentcontrol #landlords

Why Sadiq Khan’s plans could benefit landlords everywhere London Mayor Sadiq Khan aims to provide 6,000 rent-controlled houses by 2030 Despite their emphasis on tenant affordability, Khan's policies may have some indirect benefits for landlords as well. These dwellings, aimed at important professionals like teachers, nurses, and shop staff, would be rented at much lower rates—estimated to save residents up to £600 per month compared to market rentals. Landlords gain from the stability and professionalism that such plans can provide to the rental sector. Firstly, by providing inexpensive, stable housing for important workers, these programs may alleviate pressure on private rental demand in the most competitive areas. This might help landlords attract better renters or stabilise rent levels in London and beyond. Sadiq Khan's rent-controlled housing project is primarily intended to alleviate London's urgent affordability crisis and would immediately benefit landlords in the capital, but the larger principles and indirect consequences could have ramifications for landlords outside of London as well. Furthermore, such innovations may minimise administrative and financial risks to private landlords. With certain rental housing under regulation, landlords may face less scrutiny on affordability, allowing them to focus on maintaining and renovating homes to attract higher-income renters or niche markets. Finally, rent-controlled housing for critical workers is consistent with larger aims of economic stability. By retaining key workers in the city, landlords in surrounding areas can benefit from a more stable economic basis, sustaining tenant demand across various income levels. While some landlords may see rent restrictions as a competitive disadvantage, they might indirectly profit from a healthier and more fair housing market, which decreases turnover and stabilises community demand. #property #rentcontrol #landlords

Why Sadiq Khan’s plans could benefit landlords everywhere London Mayor Sadiq Khan aims to provide 6,000 rent-controlled houses by 2030 Despite their emphasis on tenant affordability, Khan's policies may have some indirect benefits for landlords as well. These dwellings, aimed at important professionals like teachers, nurses, and shop staff, would be rented at much lower rates—estimated to save residents up to £600 per month compared to market rentals. Landlords gain from the stability and professionalism that such plans can provide to the rental sector. Firstly, by providing inexpensive, stable housing for important workers, these programs may alleviate pressure on private rental demand in the most competitive areas. This might help landlords attract better renters or stabilise rent levels in London and beyond. Sadiq Khan's rent-controlled housing project is primarily intended to alleviate London's urgent affordability crisis and would immediately benefit landlords in the capital, but the larger principles and indirect consequences could have ramifications for landlords outside of London as well. Furthermore, such innovations may minimise administrative and financial risks to private landlords. With certain rental housing under regulation, landlords may face less scrutiny on affordability, allowing them to focus on maintaining and renovating homes to attract higher-income renters or niche markets. Finally, rent-controlled housing for critical workers is consistent with larger aims of economic stability. By retaining key workers in the city, landlords in surrounding areas can benefit from a more stable economic basis, sustaining tenant demand across various income levels. While some landlords may see rent restrictions as a competitive disadvantage, they might indirectly profit from a healthier and more fair housing market, which decreases turnover and stabilises community demand. #property #rentcontrol #landlords

Why Sadiq Khan’s plans could benefit landlords everywhere London Mayor Sadiq Khan aims to provide 6,000 rent-controlled houses by 2030 Despite their emphasis on tenant affordability, Khan's policies may have some indirect benefits for landlords as well. These dwellings, aimed at important professionals like teachers, nurses, and shop staff, would be rented at much lower rates—estimated to save residents up to £600 per month compared to market rentals. Landlords gain from the stability and professionalism that such plans can provide to the rental sector. Firstly, by providing inexpensive, stable housing for important workers, these programs may alleviate pressure on private rental demand in the most competitive areas. This might help landlords attract better renters or stabilise rent levels in London and beyond. Sadiq Khan's rent-controlled housing project is primarily intended to alleviate London's urgent affordability crisis and would immediately benefit landlords in the capital, but the larger principles and indirect consequences could have ramifications for landlords outside of London as well. Furthermore, such innovations may minimise administrative and financial risks to private landlords. With certain rental housing under regulation, landlords may face less scrutiny on affordability, allowing them to focus on maintaining and renovating homes to attract higher-income renters or niche markets. Finally, rent-controlled housing for critical workers is consistent with larger aims of economic stability. By retaining key workers in the city, landlords in surrounding areas can benefit from a more stable economic basis, sustaining tenant demand across various income levels. While some landlords may see rent restrictions as a competitive disadvantage, they might indirectly profit from a healthier and more fair housing market, which decreases turnover and stabilises community demand. #property #rentcontrol #landlords