Renting to Felons Ogden UT

Felons account for roughly 8 percent of the American working class population, but finding gainful employment and a place to live can be a struggle for these people. An investor willing to take a chance could have a large and willing group of renters at their disposal if they would be willing to rent with those with a felony conviction, but as with any invstment, this carries some risk.

David Fisher
(801) 931-9001
1328 Mt Orchard Dr
Pleasant View, UT
Specialties
Landlord & Tenant, Franchising
State Licensing
Utah

Nathan S. Dorius
(801) 350-9000
299 S. Main Street, Suite 1710
Salt Lake City, UT
Specialties
Landlord & Tenant, Banking, Litigation, Real Estate, Chapter 11
State Licensing
Utah

Nathan S. Dorius
(801) 350-9000
299 S. Main Street, Suite 1710
Salt Lake City, UT
Specialties
Landlord & Tenant, Banking, Litigation, Real Estate, Chapter 11
State Licensing
Utah

Stockdale J Paul Atty
(801) 621-1384
205 26th St Ste 14
Ogden, UT
 
Wheelwright Timothy M
(801) 395-2424
1104 Country Hills Dr
Ogden, UT
 
David Fisher
(801) 931-9001
1328 Mt Orchard Dr
Pleasant View, UT
Specialties
Landlord & Tenant, Franchising
State Licensing
Utah

Kirsten Michelle Schneider
3463 Canyon Cove Dr
Salt Lake City, UT
Specialties
Employment, General Practice, Landlord & Tenant, Litigation
State Licensing
Washington

Laker Stephen A
(801) 399-0823
2568 Washington Blvd
Ogden, UT
 
Badger Deborah Atty
(801) 621-5775
1180 28th St
Ogden, UT
 
Conklin Catherine S
(801) 394-5526
205 26th St Ste 32
Ogden, UT
 

Renting to Felons: Risk vs. Reward

For many, the stain of a felony is hard to overcome, employment is not easily achieved, and even finding a place to live can be a struggle. Finding a place for former inmates to live presents a unique opportunity for those in ownership of low-income or group housing, or even a single-family unit, who could potentially cater to a niche, needy and often maligned market of renters.

As many as 12 million Americans have a felony conviction, and some 600,000 former convicts are released from prison each year, making up roughly 8 percent of the working class population, according to the Los Angeles Times. So where do all these people go?

With few places to go, some 10 percent of those recently released from jail will become homeless, according to HousingFinance.com.

An investor willing to take a chance could have a large and willing group of renters at their disposal if they would be willing to rent with those with a felony conviction. However, doing so—like any investment—is not without its share of risk.

The Corporation for Supportive Housing recognizes that risk and is working to ensure former inmates and felons have a supportive housing environment that will keep them off the streets, according to Housing Finance. Without help, many former inmates relapse into bad behaviors, repeating the cycle many times over.

Another cause for concern is the increasing amount of mentally ill currently incarcerated and being released each year. Many of these inmates will fall in and out of homelessness upon being released, as their situation is far more delicate.

The Housing Authority of Utah County provides rent vouchers for up to 950 households, catering to those falling below the poverty line and the formerly homeless, according to DeseretNews.com, a state of Utah publication. The goal of the program is to help those in need, getting them back on their feet with a stable home and positive resources and influences.

Additionally, Utah’s Food and Care Coalition is planning to build 37 units of transitional housing, catering to those suffering from both addiction and mental-illness, according to Deseret News. Residents of transitional housing nationwide typically receive education and job training and placement, as well as substance abuse counseling.

With programs now addressing the needs of former inmates and those in need of a permanent home, interested investors could potentially have additional support upon opening their doors to thos...

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