Affordable Housing: elderly/disabled

Affordable Housing: elderly/disabled

From James Demanovich

When many people hit the age of retirement or can not work due to a disability housing expenses can become a very large factor on the quality of that individuals life. We want to offer ethical/affordable housing.

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Update #3

8 months ago

Presented below is an overview ranging from a minimum size building at conservative numbers, to an ideal sized building also using conservative numbers. and how we will be spending/using the money that is donated to us.

(minimum size building conservative numbers)Here is a rough overview of what i am trying to accomplish financially. Every housing building will be able to house a minimum of 5 people. average cost of a building in the selected areas is between 10k-50k USD. target repair cost and building cost will be less then 50k for consideration. (Meaning: a fully functional building at full cost should to be in the target price range of under 50k). The buildings are typically located in minority areas. The average cost range of property taxes within these areas are between 500-1200 USD per year. 5 people living in a building paying 325 per month would be $1,625 or $19,500 Per year. Average monthly electric/gas (in the summer/spring/earlyfall) is $750 per month for the entire building for 7 months. 5,250 for 7 months. Winter costs should increase the cost of gas or electric by $100 per unit for 5 months. or $4,250 for 5 months. Yearly cost for gas/heat/electric would cost around $9,500 . Water would be estimated at 550 per month or 6,600 dollars per year.

19,500 per year(5 unit building total)
-9,500 for gas/heat/electric costs
-6,600 for water
-1,000 for property taxes
------------------------------
2,400 per year set aside for upkeep this is a low unit estimate in a small building and is exactly 1/2 the price of normal rent. at a 40% instead of 50% reduction in rent with the exact same unit count, the number is$6,300 dollars set aside for expenses within that same building.

What we are trying to do is help retired people and people with disabilities for them to be able to have more free cash to live life with less stress. we also want to find building that allow more then 5 units that would yeild a potential for growth and expansion and at the same time keeping the money into the pockets for the people that need it.

(ideal building with conservative numbers)

a 12 unit building is an ideal sized building ( could be more) same building target cost $10k-$50k. Again same neighborhoods that are comprised of primarily minority areas. same property tax range 500-1200 USD per year. Unit monthly rent cost @ $325 per month. totaling $46,800 per year. Each unit will use $150 dollars per month in electric/gas. totaling $12,600 for 7 months. and $15,000 for the winter months. or $27,000 dollars per year. water estimate of 900 per month or 10,800 per year.
46,800
-27,000 Gas/heat/electric
-10,800 Water
-1,000 Property tax
--------------------
$8,000 extra dollars to fund repairs per year @ 1/2 the cost of a normal 1 unit apartment in the Milwaukee metro. at a 40% reduction in rent . would yield $17,360 dollars per year in extra money for repairs and expansion. all of these numbers are conservative numbers.

with the 200k dollar goal our campaign is shooting to achieve we expect to have 4 buildings. 4 building of ideal size would allow nearly 70k per year to be utilized in repairs and expansion. resulting in 1 additional building being bought in the first 2 years. at the end of year 5 we would be at a point that would allow us to build or buy larger building complexes or many small homes . always keeping the rent low and always giving the tenants ethical and fair costs of living. I would like to see this expanding to other areas within Wisconsin and other states within the next 10 years. I really want people that struggle to have less stress and more money to live how they would like to live.

More Info

I am 33 years old , I have work at a low wage most of my life. In doing so i have become friends with alot of senior citizens. People working hard in career fields that kept them in the lower income tax bracket most of their lives. Several of my friends that are of this age don't know how they will afford to retire or are now retired but are living in a way that isn't ideal . I feel for retired people that are struggling. I also feel for disabled people that are struggling in the same way. So what i want to do is help these people , not only my friends but as many people as i possible can. We live in a world that should be spent in peace when the majority of our lives are behind us. We should be able to have the money to do the things we want to do or at the very least be able to live comfortably and have options for enjoying life. A large factor in putting more money into the pockets of these people is being able to reduce living expenses. A way that some of my friends reduce living expenses is to cut back on what they eat, to compromise on what they buy in every single situation presented to them. The options they have to reduce costs are very limited. The majority of my friends at this age are very proud people that never want a government hand out . in-fact  seeking a handout from the government goes against everything alot of my friends would do because of how they were raised. I'm seeking founding to offer low income housing to everyone that i can, in order for my friends and people like my friends to live the remainder of their days with a little less stress and a lot more opportunity. The 200k price target is to purchase several homes in low income areas and to keep rent 40%-60% below the average rental unit in the milwaukee metro. lets say someone is retired and bringing home $1300 dollars per month. over half of that money would be spent rent. what i am going to be charging in rent is far less at around 325-400 per month. leaving   $225-$243 per week for them to spend on whatever they want.  instead of  around $150 dollars a week.  this is a much more livable amount . it allows for much more flexibility in these people lives. and also leaves room for repairs and growth for expansion so we can help out more people in this situation. thanks for reading .

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James Demanovich posted a new update:
8 months ago

Update #3

Presented below is an overview ranging from a minimum size building at conservative numbers, to an ideal sized building also using conservative numbers. and how we will be spending/using the money that is donated to us.

(minimum size building conservative numbers)Here is a rough overview of what i am trying to accomplish financially. Every housing building will be able to house a minimum of 5 people. average cost of a building in the selected areas is between 10k-50k USD. target repair cost and building cost will be less then 50k for consideration. (Meaning: a fully functional building at full cost should to be in the target price range of under 50k). The buildings are typically located in minority areas. The average cost range of property taxes within these areas are between 500-1200 USD per year. 5 people living in a building paying 325 per month would be $1,625 or $19,500 Per year. Average monthly electric/gas (in the summer/spring/earlyfall) is $750 per month for the entire building for 7 months. 5,250 for 7 months. Winter costs should increase the cost of gas or electric by $100 per unit for 5 months. or $4,250 for 5 months. Yearly cost for gas/heat/electric would cost around $9,500 . Water would be estimated at 550 per month or 6,600 dollars per year.

19,500 per year(5 unit building total)
-9,500 for gas/heat/electric costs
-6,600 for water
-1,000 for property taxes
------------------------------
2,400 per year set aside for upkeep this is a low unit estimate in a small building and is exactly 1/2 the price of normal rent. at a 40% instead of 50% reduction in rent with the exact same unit count, the number is$6,300 dollars set aside for expenses within that same building.

What we are trying to do is help retired people and people with disabilities for them to be able to have more free cash to live life with less stress. we also want to find building that allow more then 5 units that would yeild a potential for growth and expansion and at the same time keeping the money into the pockets for the people that need it.

(ideal building with conservative numbers)

a 12 unit building is an ideal sized building ( could be more) same building target cost $10k-$50k. Again same neighborhoods that are comprised of primarily minority areas. same property tax range 500-1200 USD per year. Unit monthly rent cost @ $325 per month. totaling $46,800 per year. Each unit will use $150 dollars per month in electric/gas. totaling $12,600 for 7 months. and $15,000 for the winter months. or $27,000 dollars per year. water estimate of 900 per month or 10,800 per year.
46,800
-27,000 Gas/heat/electric
-10,800 Water
-1,000 Property tax
--------------------
$8,000 extra dollars to fund repairs per year @ 1/2 the cost of a normal 1 unit apartment in the Milwaukee metro. at a 40% reduction in rent . would yield $17,360 dollars per year in extra money for repairs and expansion. all of these numbers are conservative numbers.

with the 200k dollar goal our campaign is shooting to achieve we expect to have 4 buildings. 4 building of ideal size would allow nearly 70k per year to be utilized in repairs and expansion. resulting in 1 additional building being bought in the first 2 years. at the end of year 5 we would be at a point that would allow us to build or buy larger building complexes or many small homes . always keeping the rent low and always giving the tenants ethical and fair costs of living. I would like to see this expanding to other areas within Wisconsin and other states within the next 10 years. I really want people that struggle to have less stress and more money to live how they would like to live.

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James Demanovich posted a new update:
8 months ago

Update #2

I added a photo of myself to the page. trying to capture the dream here. i guess time will tell if i have support for this or not. again thanks for taking your time to look at my campaign.

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James Demanovich posted a new update:
8 months ago

Update #1

Well, Its our first day. I'm going to be updating some of the Facebook information associated with this campaign in order to give it a better feel. I'm new to this and would like your support. feel Free to message me about any questions you may have @ neverforgetgo@gmail.com.

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