Affordable Housing Is Disappearing In Flint
The pandemic has done more damage to Flint's economy than we would like to admit and now it's looking like affordable housing in Flint is starting to disappear for a couple of reasons.
Flint has always had this negative stigma floating in the air, due to the poor environment and mentality. Now, with the pandemic ruining a lot of people's credit, banks are less likely to approve your average Flintstone for a mortgage.
They say the first deals with how people’s credit has been negatively impacted due to the pandemic, making it hard for interested buyers.
The other is affordability with the cost being too high.
“We have to increase our income around here,” said Clemons. “Bring that median income up. We have to make sure that more housing is available. We need more funding to come into Flint to make sure that more housing is available and then we can begin to work on this problem.”
So what's the answer then? Better jobs? From where, and how? It's a complicated problem and GM isn't gonna hire everyone in the area. I don't know if this is an issue that grant money can cover but I hope so. At this rate, the gentrification of Flint will occur just over the next few years. Natives of Flint will be forced to move to more affordable areas, and Flint will start to become more expensive to live here.
Don't believe it? Check out this video breaking down what I'm talking about.