PadSplit

Jun. 21st, 2022 12:11 pm
walkitout: (Default)
[personal profile] walkitout
Coverage in Orlando Sentinel about PadSplit, which has been around since 2017, but I failed to notice.

https://www.orlandosentinel.com/business/real-estate/os-bz-padsplit-orlando-affordable-housing-20220621-m7ydx2klqffu5ipoiu4w53lffm-story.html

They connect low-income renters with rooms, rather than apartment, and they work to convince real estate investors to rent rooms, rather than flipping. They also only operate in places where they have a plausible argument they are compliant with local zoning, and they also work with communities to adjust zoning so that they can operate there.

Admirable! Another version of the return of the boarding house.

https://www.padsplit.com/

Their website indicates that they may check your credit score but do not have a minimum credit score to participate. They say they will report your rent payments, and that 95% of the people staying in PadSplit report and improvement in their credit scores as a result (this is a way _out_ of the hole of low credit score, where no one will let you do anything, so you cannot show that you are making payments on time).

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