Housing Authorities should be the authorities on housing for all people in need of housing, and in this instance working individuals who earn too much to qualify for and/or who have graduated from the traditional Section 8 program. Workers would be capable of paying a minimal, median, or optimal fee or deduction from each paycheck that would guarantee housing security (whole or partial rental or mortgage payments) in the event that said individuals become unemployed or experience a decrease in wages or other forms of income.

A program of the sort would reel in magnanimous revenues to relevant federal, state, and local (city) housing agencies, considering especially the vast number of persons who are employed and would not readily need to file claims.

Funds acquired via said program would be utilized to purchase facilities for emergency and transitional shelter and to purchase homes for leasing and/or financing to housing security recipients. Upon selection of the benefit, a housing security category (HSI) would be added to the subject employee’s payroll deductions.

…The amount of the deduction would hinge upon the amount of the subject employee’s wages, should it become a requirement for all employees and/or it would hinge upon the specific plan that the employee selects. A minimal plan would be the least deduction category, and would be the least pay-out upon filing of a successful claim, a median plan would be an average plan, and an optimal plan would be the greatest…

Housing security insurance would be distinguishable from traditional residential insurance in that it would be applicable towards any current or forward residence, and pay-out would be a recurring monthly benefit for established periods of time or until the claimant gets back on feet…

…Housing security insurance would cover things like moving costs in the event that a policy owner’s residence is damaged by Mother Nature or any other catastrophe. It would additionally pay a deposit on another residence and/or repairs at a damaged residence that the policy holder owns or is purchasing. It would additionally pay for repairs at a damaged residence that the policy holder is renting, if responsibility for the damage would fall upon the policy holder/tenant…

Housing security insurance could be combined with worker’s unemployment insurance (taxes) and traditional homeowner’s or renter’s policies for creation of the ultimate security blanket, and while helping to provide forthwith help to the general populace of persons in need of housing resources.

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