New Platform Looks To Connect People With Affordable Housing

New Platform Looks To Connect People With Affordable Housing
Hotels, Hospitality & Travel

Young adults can find affordable housing with older people in need of extra cash or help around the house

Jiwon Kim
  • 28 november 2017

Finding affordable housing in certain areas is nearly impossible for many young adults. Most entry level and student jobs do not pay enough to make it possible to find a good place to live. Nesterly wants to solve this problem by matching younger people to older adults who are willing to charge affordable prices for rooms. The platform was created by two MIT graduates in urban planning, and their hope is to provide a solution that benefits everyone.

Hosts will post available rooms at their place and guests can browse all availabilities. Once requests are made, users connect online or offline to get to know each other better. If both parties agree that they are a good fit, a housing agreement is made. Nesterly even takes care of the rent money exchange.

Younger users can find older people with rooms who may need extra cash and help around the house, like raking up leaves or doing housework. In some arrangements, the younger guest gets a discount on rent in exchange for the help. This arrangement helps resolve some affordable housing problems, as well as addressing the high number of older Americans living alone. Many households are being head by people over the age of 65, which can come with problems like limited mobility and loneliness.

The platform is also safer than most of the other ones out there. Information is verified by a background check and former landlords are contacted to act as a reference. Any suspicious finds will lead the company to do more research, including phone calls. Hosts are verified as well when they post an available room.

Unlike Airbnb, Nesterly also works with local governments to ensure the platform is accessible and approved. This past September, Nesterly worked with the city of Boston to launch a pilot program and find matches for 16 people. Once matched, Nesterly is paid a fee.

Nesterly

Finding affordable housing in certain areas is nearly impossible for many young adults. Most entry level and student jobs do not pay enough to make it possible to find a good place to live. Nesterly wants to solve this problem by matching younger people to older adults who are willing to charge affordable prices for rooms. The platform was created by two MIT graduates in urban planning, and their hope is to provide a solution that benefits everyone.

+affordable housing
+Airbnb
+cities
+Cities
+home
+hospitality
+Market Research
+mobile
+retail
+sharing economy
+technology
+travel
+USA

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