The Case of Affordable Workforce Housing – Maxwell Drever Explains the Relevance
Today, the concept of affordable workforce housing is gaining ample attention. People who belong to the real estate community, at the government sector, and even with the housing policy take interest in this segment says Maxwell Drever. Simply put, it’s a challenging issue because it’s both an affordability problem and housing supply issue because the middle and moderate-earning households have been highly stagnant for over two decades or more. The need for affordable housing According to Maxwell Drever, it is essential to people to have a place to live, close to their workplace. It’s crucial for workers who are relevant for the local economy. The essential employees comprise of emergency service workers, teachers, retail clerks and nurses and most of them will find the new build and existing housing overpriced. If you focus on the urban areas and close to the employment centers, the development and land expenses are very high. It forces people to stay further away from jobs and also increases their commuting costs and time. The traffic congestion ease, commute time, neighborhoods have become more diverse and offers the scope for families to stay and expand in a place over time. The economies also strengthen by enabling employers to draw in and retain the crucial workers says Maxwell Drever. Hence, when it’s possible for people to stay closer to their workplace, the… Read More »The Case of Affordable Workforce Housing – Maxwell Drever Explains the Relevance