The Problem

Studies show that there is a direct correlation between high housing prices and homelessness.

A major factor in the skyrocketing cost of housing comes from the same banks that are presently the depository banks for almost every city, county, and state government in the nation, namely, the Wall Street banks that are financing the derivatives & mortgage backed securities markets…with our tax money.

“The growth of subprime lending and mortgage-backed securities was a crucial component in the creation of the [2008] housing bubble. Lenders loosened their lending requirements and gave mortgages to applicants with weaker financial standing or credit ratings”, according to a Real Estate magazine.

There is a better way. When your city, county, or state establish their own public banks, rather than sending your money to Wall Street banks, the taxes you pay are kept in the taxed community, and multiplied many times with the powers of credit creation firmly in the hands of the local city, county or state, constrained by the ‘Regional Principle’, providing abundant low cost financing to the local jurisdiction, and making the problems of homelessness & high cost housing manageable issues for government.

New money becomes available for low-cost housing for the homeless, creating jobs in the process.

Tiny home communities are one of many affordable options made possible with a local public bank in collaboration with city, county, or state government and local financial institutions.