| | |

Budget to Permanently End Housing Insecurity

Budget to Permanently End Housing Insecurity

 

Deets On Housing

The American Dream is broken

 

Too many younger Americans will never know the experience of home ownership if we continue down this path.

We need a change. A drastic one. NOW.

Homelessness should not exist in a nation of our wealth and technology.

But… We do need to rethink what a “house” is in the 21st century in light of climate change.

We need to start building DOWN using 3D printed homes technology. A good chunk of home electrical usage is climate control.

Building into the Earth solves housing and helps us reach net zero.

We can make Green Homes For All a reality.

 


At the time of this writing on December 7, 2021, Kansas City, MO has approximately 3,000 houseless individuals in the metro area.

While the city hypes up a “tiny homes” proposition, the data is coming out that tiny homes aren’t as dependable as they claim to be.

We need a real plan to address the houseless crisis and get people the help they need.

This is that plan.

 


 

Step One: Purchasing Hotels

 

Kansas City’s three largest hotels – The Marriott, the Westin, and the Sheraton – share a combined 2,307 rooms and an additional 105 suites. Those three hotels alone would (temporarily) house ~2,500 out of the ~3,000 houseless.

As a municipality, Kansas City has the power to eminent domain these businesses – especially in a pandemic – for fair market value.

The Marriott was recently purchased in November 2021, but as far as I can tell the purchase price is undisclosed.

So, let’s work backwards.

The previous owners invested $65 million into the property.

The previous owners purchased the hotel in 2010 for $101 million. Since the pandemic wiped out most hotel real estate gains over the past decade, we can virtually ignore inflation since.

So… $101 million + 65 million = $166 million. Let’s round that up to $170 million to assess fair market value.

Now let’s do the math:

$170,000,000 / 971 rooms = $175,077.24 per room. We can apply that template to the other hotels:

Westin: 720 rooms x $175,077.24 = $126,055,612.8

Sheraton : 717 rooms x $175,077.24 = $125,530,381.08

Total cost to eminent domain these hotels: $421,585,993.88

Once established, we can bring in community health workers to get the newly housed established with Missouri Medicaid and other entitlement programs.

 


Step Two: Emergency Staffing Hotels

 

Those in transitional housing at the hotels will need medical care and on-site safe use rooms. Let’s staff each hotel 24/7 with an on-site RN.

365 days x 24 hours a day = 8,760 hours/year x 3 locations = 26,280 hours/year

26,280 hours/year x $40/hour = $1,051,200/year

We will also need an EMT on-site 24/7 at each location:

26,280 hours/year x $20/hour = $525,600.

Annual Budget for emergency staffing: $1,576,800

 


 

Step Three: Permanent Housing

 

Kansas City has ~334 vacant lots. These lots cost the city ~$1.6 million a year in maintenance fees.

Let’s clear and build.

334 lots x $1,266 per cleared lot = $422,844.00

334 lots x $37,700 per 1,500 sq ft 3D printed house: $12,591,800.00

Total for permanent housing: $13,014,644

Once established, we can move renters of these new units onto a Pay As You Earn rental plan.

If a property can be quickly and affordably be brought up to code, bring the property up to code and enter the unhoused into the above Pay As You Earn plan.

This route can also replace the abysmal Land Bank Initiative failure.

 


 

Cost To End Houselessnees in Kansas City

 

Step One: $421,585,993.88

Step Two: $1,576,800

Step Three: $13,014,64

Total Cost: $423,175,808.52

 


 

Savings from Ending Houselessness

 

America spends ~ $35,578 per year per houseless person. That estimate can be upwards of $83,000 per year per houseless person.

Featured: Can 3D printing become a solution for the housing shortage? – PBS February 23, 2022

3,000 houseless individuals x $35,578 = $106,734,000

Saved from abandoned lots = $1,600,000

Total saved annually = $108,334,000

 

 


 

Paying to End Houselessness in Kansas City

 

Kansas City received ~ $15,521,139.00 in 2020 from HUD to address houselessness. That is enough to cover Steps two and three, but we still need the $100 million to purchase the hotels.

For that $100 million, we’re going to need a little more help.

And that help comes in the form of the GSA’s Office of Real Property Utilization and Disposal. This step initiates the process of eminent domain by pushing the property to market while giving the city the right of first refusal. This step doesn’t necessarily help pay for the properties, but this step can keep third properties from sweeping in and buying the property from under the city.

While I would love to go the route of existing grants to pay for this, many of those will have already expired. So, that leaves taxes.

The Missouri corporate tax rate is 4%. Conversely, California recently raised their corporate tax rate to 9.6%. Kansas City currently has a 1% corporate tax rate.

I say we get on par with California and raise the city’s corporate tax rate from 1% to 5.6%.

Currently, Kansas City takes in ~$50 million/year in corporate taxes at a 1% tax rate.

At 5.6%, Kansas City would take in ~ $280,000,000/year from corporations.

An increase of $230,000,000 per year.

This comes at virtually no cost to the corporation – as they can in turn deduct that tax payment from their Federal Taxes.

Since the existing HUD funds cover the costs to clear the land and build the 3D printed houses, we can initially devote the entire increased corporate taxes to the hotels.

$423,175,808.52 / $230,000,000 = 1.84 years to pay off the eminent domain costs.

 

 


 

Guaranteed Housing For All

 

We can extrapolate the above for a rough estimate of how much it would cost to permanently end housing insecurity for the entire State of Missouri.

Cost to end housing insecurity in Kansas City: $423,175,808.52

Unhoused population in Kansas City: 3,000

$423,175,808.52 / 3,000 = $141,058.60 to provide housing security per housing insecure individual.

There are ~6,179 unhoused citizens in Missouri.

$141,058.60 x 6,179 = $871,601,089.40

So… Just a shade under a billion dollars could potentially permanently end housing insecurity for the entire State of Missouri.

Extrapolate that further:

$871,601,089.40 x 50 States = $43,580,054,470

Or, alternatively:

$141,058.60 x 580,466 unhoused nationwide = $81,879,721,307.6

Granted, that’s averaging fifty States, but we could end housing insecurity nationwide for ~$40 billion – $80 billion.

HUD is currently spending almost $70 billion annually on broken programs that keeps people on the streets.

With the budget re-appropriated, we could end housing insecurity in the United States in as little as 1-2 years.

It seems like a small investment to me.

Budget to Permanently End Housing Insecurity

 

#WeThePeople #MBASocialist

 

DEETS JOURNEY

 

WHY A MENTALLY ILL MILLENNIAL FROM MISSOURI IS RUNNING FOR UNITED STATES SENATE

 

CAMPAIGN FINANCING (OR WHY I CHANGED PARTIES)

 

DEETS ON DEETS

 

WHY DEETS INTENDS TO RUN FOR PUBLIC OFFICE WHILE MENTALLY DISABLED

 

RONALD DEETS FOR SENATE TERMINATED… DEETSON.NET EMERGES

 

DEETS Platform

 

DEETS ON MODERN ISSUES

 

SIX STEPS TO A HUMAN UTOPIA

 

DEETS SAYS THEIR NAMES – Black Lives Matter

 

WHY IT’S TIME FOR UNIVERSAL BASIC INCOME

 

DEETS ON MEDICARE FOR ALL

 

BUDGET TO PERMANENTLY END HOUSING INSECURITY

 

INDEPENDENT CANDIDATE MISSOURI BALLOT ACCESS

 

RANDOM THOUGHTS AND TL;DRS ON COMMON ISSUES

 

 

DEETS Research

 

DEETS ON PUTIN

 

DEETS ON CIVIL RIGHTS SINCE THE CIVIL WAR

 

DEETS ON THE PANDEMIC TIMELINE

 

WHY DEETS SUPPORTS NUCLEAR ENERGY SOLUTIONS

 

WHY DEETS SUPPORTS LEGALIZING PSYCHEDELICS
PAYROLL REPLACEMENT TAX

 

Budget to Permanently End Housing Insecurity Budget to Permanently End Housing Insecurity Budget to Permanently End Housing Insecurity

Budget to Permanently End Housing Insecurity Budget to Permanently End Housing Insecurity Budget to Permanently End Housing Insecurity

 

Similar Posts

0 0 votes
Article Rating
Subscribe
Notify of
guest

0 Comments
Inline Feedbacks
View all comments