Tuesday, April 3, 2018

It’s Time to Solve the Workforce Housing Supply Problem via Multifamily Executive Magazine

Drive down the road in most U.S. cities and it seems like every new multifamily development is billed as a luxury living experience. This situation is more than just clever marketing; it belies a growing problem: Many U.S. markets have a robust supply of high-end units but not much in the way of workforce housing.

According to the Urban Land Institute, workforce housing serves households making 60% to 120% of the area median income (AMI).

Read more...It’s Time to Solve the Workforce Housing Supply Problem | Multifamily Executive Magazine | Workforce Housing, Affordable Housing, Affordability, construction costs, Density, Land Costs, low-income housing tax credits, Urban Land Institute

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