Power Renters become Affordable co-homebuyers forever
To help you get started on your journey to reducing your Monthly Housing Payment (MHP)
We’d like you to answer a few quick questions:
How many bedrooms do you need?
Share the number of bedrooms you require for your living space.
What is your goal for your Monthly Housing Payment (MHP)?
Let us know your target MHP goal, the amount you're aiming for to achieve affordable housing.
Which counties are you okay with living in?
Choose from Alameda, Solano, Sonoma, Contra Costa, or Sacramento counties.
What monthly payment can you afford?
Share the maximum monthly housing payment that fits within your budget.
These answers will help us guide you toward finding the best housing solutions and achieving your MHP goals. Let’s get started!
Current State of High-Paying Renters in Solano County
Current State of High-Paying Renters in Solano and Contiguous Counties
High-paying renters in Solano County are facing significant financial challenges as rents just keep rising. To afford the average monthly rent of $1,891, renters need to earn $36.36 per hour, which is 2.3 times the state minimum wage. To afford the rent of $2,800, renters need to earn $53.85 per hour, which is 3.4 times and to afford the rent of $3,800, renters need to earn $73.08 per hour, which is 4.7 times the state minimum wage. Unfortunately, the region is also facing a shortage of affordable housing, which makes co-homebuying multi-units the best new affordable housing alternative on the market.
Predictable Future if No Action is Taken
If no steps are taken to address these issues, the future will likely worsen. Housing costs will continue to rise, and the affordable housing shortage will grow. This will place increasing financial strain on High Rent Paying households, leading to greater rates of homelessness and housing instability.
Future Possibilities with New Initiatives
By embracing new initiatives like Co-Homebuying, High Rent Payers are increasing their affordable housing alternatives, elevating their chances to live a great life, and reducing their Monthly Housing Payment (MHP) along the way. Access to affordable co-homebuying of multi-units as their primary residence is promoting long-term housing stability throughout the region.
Through Power Renters 101 Certified Workshops, we provide the knowledge, tools, and expert guidance necessary to reduce your MHP and create a more stable, affordable future. Let's work together to make these possibilities a reality!