The City of Seattle depends on over 440 volunteers in addition to other nonprofit workers to meet basic needs and create healthy communities for all of its residents. However, the cost of housing in Seattle has increasingly become a barrier for young people wishing to serve in this community.
Microhouse has been working with a property owner in Vancouver to develop a small affordable housing prototype for homeless youth and for social workers. The same idea can work Seattle and other cities with high rental rates and allowances for backyard cottages. Backyard cottage (detached accessory dwelling units) ordinances allow homeowners to build cottages on their lots. Why is this important? It essentially provides free land, a barrier to affordable housing. It also allows individuals to take a primary role in supporting the non-profit community and to benefit materially as well. A small cottage can be built and financed for less than the equivalent in market rent, allowing the individual home owner to subsidize the volunteer to the degree that they are comfortable with. Construction financing for the service module with a 10 year home equity line of credit will be approximately $550/month. When compared with an average monthly rent of $980.
Microhouse has been working with a property owner in Vancouver to develop a small affordable housing prototype for homeless youth and for social workers. The same idea can work Seattle and other cities with high rental rates and allowances for backyard cottages. Backyard cottage (detached accessory dwelling units) ordinances allow homeowners to build cottages on their lots. Why is this important? It essentially provides free land, a barrier to affordable housing. It also allows individuals to take a primary role in supporting the non-profit community and to benefit materially as well. A small cottage can be built and financed for less than the equivalent in market rent, allowing the individual home owner to subsidize the volunteer to the degree that they are comfortable with. Construction financing for the service module with a 10 year home equity line of credit will be approximately $550/month. When compared with an average monthly rent of $980.
Building and leasing to the nonprofit community allows for:
- Affordable housing for volunteers who work in your neighborhood
- Access to a large pool of employed, responsible tenants
- Your engaged support of the nonprofit community
- Rents equivalent to development costs or subsidized at your discretion
- Additional household income from renting
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