Making Housing More Affordable With State And Local Assistance

Does it seem as though no matter where you turn, housing is too expensive? You might be struggling to make the mortgage or trying to catch up on an already overdue rent. How can you possibly lower your bills enough to get on your feet, instead of constantly robbing Peter to pay Paul?

There are a few options for single mothers that might make housing more affordable for single mothers. Have you considered any of these options?

Renting Out Rooms. Subletting your apartment can ease the financial pressure and give you the added security of someone else in the house. This can be tricky, however, because you have to find someone who gets along with your child. You have to rent out only to someone you feel you can trust. If a good friend wants to take advantage of your offer, you’re in great luck. Otherwise, you’re going to have to do a background check on those who consider renting a room from you.

Co-Abode. A non-profit organization called co-abode is trying to help single mothers get back on their feet. They work by matching up single mothers and their kids in the same neighborhood and helping them find housing that is affordable when they both chip in. In this case, a lot of the legwork is done for you. The bad news is that you might be paired up with someone you don’t know.

Extended Family Housing. It is not unusual to see several generations living under one roof. In fact, the practice of extended family housing is common in many countries. The benefits are many — the children have more than one generation of family members looking after them, while those who need to work don’t have to worry about daycare — they always have a family member there to watch the children. It’s a win-win situation for everyone!

Low Income Housing. Unfortunately, low-income housing has seen a decline in recent years, with costs rising so quickly that “low income” doesn’t seem to apply anymore. But if you do find a good low-income housing area, put your name on a waiting list and get ready to move the moment they call you. Low-income housing can be the perfect way to get back on your feet.

Habitat for Humanity. Programs like Habitat for Humanity give you the chance to prove yourself by working on your own home, putting in “sweat equity” to get it done, and then agreeing to small monthly payments. If your credit is good and you’ve managed to save a bit of money, this might be a good option for you.

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