Definition
Mixed-income communities intentionally blend affordable, moderate, and market-rate housing in the same development. This economic diversity creates stable communities and reduces income segregation. Development costs are higher due to subsidy programs, but the result is economically diverse, sustainable neighborhoods.
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Mixed-income communities intentionally include affordable, moderate, and market-rate housing, reducing segregation by income. Achieved through subsidies, deed restrictions, or mixed development. Promotes economic diversity and reduces stigma of affordable housing. Communities are more stable with mixed income levels. Public housing agency support may be involved. Development costs are higher due to subsidy programs. Resale on restricted units may be limited. Mixed-income developments create diverse, stable neighborhoods. Appeals to socially conscious developers and residents.
Pro Tip
Research deed restrictions and resale limitations for affordable units in mixed-income developments.
Example
A mixed-income development included 30% affordable units, 40% moderate income, and 30% market-rate.