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I have a solution where we transform Kansas into a hub of homeownership, attracting and retaining young talent by shifting from renting to a proven rent-to-own model. This fosters long-term investment in our communities, boosts local economies, and creates stable, thriving neighborhoods.
Imagine a Kansas where young professionals build equity, not just pay rent. This initiative empowers them to become stakeholders in their communities, driving economic growth and creating a more vibrant future
Of course, there needs to be an organization that keeps young people accountable. Accountable with their property and payments as well. We don't want squatters.
I would create tax incentives for owners who participate in this organization in Lawerence, but the owners must lower the cost of rent to participate. Our 'Tenant to Homeowner' organization will provide a structured pathway to homeownership, ensuring accountability and protecting both tenants and property owners. This eliminates the uncertainty of traditional renting and fosters responsible property management. If the owners don't participate, then a tax will be placed on them. The money goes to tenants, homeowners, and or affordable housing funds that shouldn't be touched.
After the owners buy the apartments, they could come together or have a state-funded construction improve the housing by building more garages and or nice architecture. That is just a different conversation over time.
Another potential solution, which warrants further exploration, is for the state to reduce the financial burden of individual sewage system ownership. Currently, the cost of installing a private sewage system significantly hinders the affordability of alternative housing options, such as those available through build-your-own-home kits through Amazon.