July 19, 2023
Housing a Workforce
REALTOR MAGAZINE By: Barbara Ballinger Whether you use “workforce,” “attainable” or another term for it, housing that’s affordable to essential workers remains in short supply in many communities. For years, the term “workforce housing” has defined a subset of affordable housing for those who earn between 60% and 120% of an area’s median income. Now, the term is losing favor. Some feel it suggests that those who earn less than 60% of their AMI aren’t part of their area’s workforce. “The phrase has an unfair, exclusive characterization,” says Michael Liu, senior partner and design principal for The Architectural Team (TAT). Miriam Axel-Lute, CEO and editor-in-chief of Shelterforce, a publication focused on...
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