Multi-Tenant Housing Units (MTHU’s)
Jetta Investment Company focuses on investing in multi-housing projects geared towards low-income individuals. Multi-Tenant Housing Units (MTHUs) is an innovative housing concept to help solve the affordable housing crisis in Palm Beach County.
There exists a lack of affordable housing for vulnerable sectors of the Palm Beach County population, including the independent elderly, very low income, and low-wage service workers. Real estate investors tend to disproportionately service high earners due to higher profit potential.
Multi-tenant housing units (MTHU) are a proven housing option that provide clean, safe, and affordable housing to individuals with annual earnings under $35,000 per year, without the need for government assistance.
MTHU’s are Single Room Occupancy (SRO) units with 21st Century enhancements of internal and external features of the building. Each room is 100-120 square feet (the area of an apartment bedroom) with a closet. Residents share single occupancy bathrooms and dual-capacity kitchens. The communal design of bathrooms and kitchens allows for efficient operations and provides tenants with a better living experience without the need to significantly increase rental rates.
Affordable Housing
Residents with annual earnings under $35,000 per year can afford MTHUs without additional financial assistance.
Increased Tax Revenue
Increased tax revenue from MTHUs can be invested in upgrades to the area, or in the form of subsidies.
Clean Living Conditions
Well-maintained units will raise the living standards of residents and add value to the surrounding community.
Reduced Homelessness
Ensures affordable housing options for sectors including low-income and low-wage workers, and seniors.
Multi-Tenant Housing Units In The News