Incentive Package for Landlords & Housing Providers

[Timoteo Guy]

Looking for everyone's thoughts here. Seattle, Specifically king county has just launched this package for landlords. The short end of this is that they are asking landlords to provide housing without the typical screening for the homeless community. Basically section 8 with fewer than ordinary requirements. Now the ethical part here is that you will be housing homeless people amongst residents who had to qualify normally. However, in this instance, you will have guaranteed rent. Genuinely want to hear everyone's insights opinions pros and cons. 

I believe this will work if someone was to provide an entire building simply just for this program. Which I have inquired about. However, I do think it may create waves regardless. 

Thanks

Incentive Package Seattle for LANDLORDS 

PLS DELETE IF REPOST 

[John Barrett]

@Timoteo Guy This program is going to be just like section 8 housing in that it will be very helpful for some and not good for others. 

My take is the risks to the landlords participating in this program are a lot greater than the promise of guaranteed rent.  By limiting landlords ability to manage their properties cities like Seattle have reduced the supply of housing.  This creates overwhelming demand from qualified tenants.  Given the choice, I think the majority of landlords are going to go with better qualified tenants and avoid the potential challenges & vague promises of support.