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Tech millionaire builds 99-unit tiny house neighborhood for homeless Canadians - rent is kept at 30% of income, the large majority of residents pay a maximum of $200 — including all utilities (www.goodgoodgood.co)

submitted 3 months ago by Blaze@sopuli.xyz to c/goodnewseveryone@sh.itjust.works

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[–] Showroom7561@lemmy.ca 9 points 3 months ago (13 children)

As for the residents of the houses, rent is kept at 30% of income, which means the large majority of residents pay a maximum of $200 — including all utilities and internet — every month.

How are they planning to sustain this long-term?

Surely, someone is paying for the difference. Unless I totally missed it from the article 🫣

[–] PersnickityPenguin@lemm.ee 15 points 3 months ago

He donated money to pay for the housing units, possibly the land. So that's probably all paid off. There are still taxes and utilities to pay for, which is probably where the rent is going.

This is just an educated guess though.

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