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  • Comment Detail

  • Date: 06/12/23
    First Name: Charles
    Last Name: Schoch
    Email: charles.schoch@sunflowerwichitaks.org
    Organization Type: other
    Organization: SNEK Syndicate
  • Comment

    You have to create guard rails on a cliff. This much money being spent on housing is a cliff. You need to make sure that those receiving the money are not going to evict tenants to spend it and perform modernization activities. You need to make sure that companies like Blackrock group doesn't get an unfair monopoly, as they own the most single family homes in the United States. You need to make sure that our tax dollars are not funneled to itinerant landlords overseas, fat with the profits of real estate speculation and unanswered maintenance requests. You need to make sure that tenants don't face ridiculous rent hikes in the wake of subsidized improvements to their homes. If you don't do this, you face a cliff where you are spending so much money that you must make sure the advantage for the rich will not elevate them further on that precipice while permanently trapping the rest of America at the bottom. Home-ownership is the bedrock of American's wealth. Don't trap them on the outside looking in by creating a massive scandal of inflation and corruption. Put the guardrails on the cliff. Demand landlords receiving money from any federal program be 1) legal residents of the state their property is in, 2) promise in writing that their rents will not raise for 10 or more years, and 3) that no tenants will be evicted without reasonable cause if they accept this money. Oh, and number 4) let big banks and hedge funds buying up the property in the US to create a permanent underclass figure out how to pay for this themself. If the property is owned by a financial interest, not a human being as a sole proprietor or LLC, do not spend our taxes on their investment. They invested in those properties knowing full well they would need to upgrade or maintain them and I always notice when they go under, they get bailed out anyway. They get plenty. Let this primarily help the little landlords and small companies that aren't able to access massive credit streams.