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Maxwell Drever

Maxwell Drever on Converting Old “Broken” Hotels into Affordable Workforce Housing

The conversion and repurposing of broken hotels into affordable workforce housing space, designed for low-income households, provides several benefits, in an effort to house lower-earning individual families throughout the United States says Maxwell Drever. The benefits of conversion Among the benefits created through “broken” hotel to affordable workforce housing conversion are: The lowering of construction… Read More »Maxwell Drever on Converting Old “Broken” Hotels into Affordable Workforce Housing

Maxwell Drever

Maxwell Drever explains the meaning of the affordable housing crisis

People all across the globe are facing the problem of affordable housing. It is affecting millions of individuals who belong to the middle-income group. Now, what is a middle-income group? Those who work for around 35 to 40 hours a week but earn minimum wages fall within this category. They face difficulty in affording a… Read More »Maxwell Drever explains the meaning of the affordable housing crisis

Maxwell Drever

The significance of designing neighborhoods and not buildings for affordable housing, as propounded by Maxwell Drever

Affordable housing has become a recent trend. The subject is gaining ground in contemporary times says Maxwell Drever. For providing improved civic communities to citizens belonging to different start of society, various agencies are playing a proactive role. Apart from this, the federal governments have come up with policy options and tax cuts to boost.… Read More »The significance of designing neighborhoods and not buildings for affordable housing, as propounded by Maxwell Drever

affordable workforce housing

Who needs affordable workforce housing and why?

Affordable workforce housing is affordable to the majority of the intended occupants. Affordable affordable housing is affordable for most working people in America, but not affordable enough for those who are just above the cut-off line. The demand for affordable workforce housing rises with increases in minimum wage and income inequality, as measured by GINI… Read More »Who needs affordable workforce housing and why?

Maxwell Drever

Who wins and who loses with affordable workforce housing?

Housing industry experts, real estate investors and at least one research group have been asking the same question – who wins and who loses with affordable workforce housing? – for decades. The answers vary depending on their points of view. The consensus however, seems to agree that a growing number of working class families are… Read More »Who wins and who loses with affordable workforce housing?

Maxwell Drever

What are the challenges of investing in affordable workforce housing?

The challenges of investing in affordable workforce housing are not only the financial cost, but also the lack of an up-to-date inventory of public land, extreme regional variations in housing costs, local zoning regulations that often restrict production to just one or two types of buildings, and high construction costs. As a result, the cost… Read More »What are the challenges of investing in affordable workforce housing?