Community housing support measures are growing
Posted on Monday, June 18, 2012 at 6:38:00 PM
Regional housing initiatives are growing as local leaders and residents look toward themselves and more centralized businesses and organizations for support. Following the housing bust of 2006, many struggling homeowners felt bereft and without somewhere to turn to for advice. In response, a number of organizations have cropped up to fill the void.
For example, the Rural Housing Collaborative (RHC), consisting of statewide and regional housing experts in South Dakota, is working with communities interested in helping themselves. A new pilot program is giving housing coaches to rural communities to support locals through the complicated development process, including residential financing.
"Many rural communities across South Dakota are in a housing crisis. We’ve worked with communities who are crippled economically because of a shortage of appropriate housing. When businesses cannot hire because there is no place for new employees to live, they can’t grow, and economic development in the entire region suffers," Beth Davis, president of Dakota Resources, told Prairie Business Magazine.
These support systems are growing as potential homeowners look for knowledgeable and helpful resources before purchasing a property.