Is there a housing solution???

It seems there are more and more people looking for decent lower cost rentals and there are none to be found.

I have been trying to find housing for several newly divorcing parents with up to 3 children who need housing for $1000 or less per month. It just doesn't exist! So sad to see these families go from a nice house in the suburbs to a 2 Bedroom rental one-third of the living space they are used to. The despair in their eyes when they describe what they need and know their budget won't allow for anything close.

It's not just divorcees who need help. There are people out of work who have lost their homes and have to rent, but the income is still not there. Their credit is shot, they are high-risk, they have to double the security deposit.

The housing situation is in dire need. Is there no way to convert these bank owned properties into affordable rentals? Can we help people stay in their homes and pay rent when the bank takes over? There has got to be a better plan than government housing programs that are severly over-burdened? I am perplexed by the need and lack of solutions.....