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Workforce housing is a term that is increasingly used by planners, government, and organizations concerned with housing policy or advocacy. It is gaining cachet with realtors, developers and lenders. Workforce housing can refer to any form of housing, including ownership of single or multi-family homes, as well as occupation of rental units.
A new apartment community is bringing what it calls “workforce housing” to a fast-growing corridor of Northeast Raleigh. Alliance Residential Co., a national multifamily apartment developer ...
City officials have agreed to contribute millions of dollars to a development aimed at bolstering workforce housing — a first for Corpus Christi. New apartments for the workforce class are ...
Permanent, federally funded housing came into being in the United States as a part of Franklin Roosevelt's New Deal. Title II, Section 202 of the National Industrial Recovery Act, passed June 16, 1933, directed the Public Works Administration (PWA) to develop a program for the "construction, reconstruction, alteration, or repair under public regulation or control of low-cost housing and slum ...
The difference between workforce housing and affordable housing is a matter of percentages. Workforce housing is for those earning 80% to 120% of the area median income.
Non-profit housing developers build affordable housing for individuals under-served by the private market. The non-profit housing sector is composed of community development corporations (CDC) and national and regional non-profit housing organizations whose mission is to provide for the needy, the elderly, working households, and others that the private housing market does not adequately serve.
A project planned for 600 Cumberland Road proposes 110 apartment units, half of which would have rents at below market rates to provide workforce housing, its developer says.
National Community Renaissance, also known as National CORE, is a U.S. non-profit community builder specializing in affordable, multifamily, mixed-income, senior, workforce and special needs housing. Based in Rancho Cucamonga, California , National CORE operates in three states: California , Florida , and Texas .
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