While these are great on paper, I think the part that needs solving is how to stop them from becoming dens of people who have checked out (voluntarily or not) of life/society. Getting a place to live in for $350/mo would be absolutely game changing for low income (and even middle income) people trying to build wealth. The downside though is that these places will invariably turn into social crack houses, rather than…
Perspective: My mother owned a home in a wealthy area of Virginia, her mortgage was $1200/mo for 30 years. When she sold it (for double what she paid for it) she thought she was rich. Then came the assisted living rent bill of $8k/mo. She realized she only has a few years to live on her life savings. It's a generational rug pull and kicking the ladder out from those climbing. It's going to end very badly.