Maxwell Drever- Here’s How Workforce Housing Projects Can Help Ease Affordability Concerns
Currently, there’s a housing crisis, which is creating many problems for people who want to put down roots. Homebuyers, as well as renters, are concerned about the home prices that keep rising, making affordability one of the biggest issues. At a time like this, it’s our community’s workforce that is suffering the most. Not being able to find a residence that is close to their work can be quite challenging as it demotivates people in a number of ways. For example, an employee who spends around 30 minutes to 1 hour in traffic will have to wake up early and get ready on time to make sure that they reach their workplace on the dot. Now that housing options are limited, people are hunting for affordable houses despite having a decent salary. Even in households, where multiple people are working, the struggle to afford rent despite earning competitive wages is real. These people usually belong to our workforce, which includes teachers, firefighters, childcare specialists, and social workers. According to the National Low Income Housing Coalition, there’s nowhere in the US where an employee working full-time and earning minimum wage can afford a 2-bedroom apartment and that too on rent. Enter workforce housing. This term refers to affordable rental housing that is steadily becoming available for households that earn 80% to 120% of their area’s median… Read More »Maxwell Drever- Here’s How Workforce Housing Projects Can Help Ease Affordability Concerns