Definition
Workforce housing bridges the gap between low-income subsidized housing and market-rate for essential workers—teachers, nurses, service employees. It's below market-rate but above subsidized. Communities address workforce shortages in high-cost areas while keeping essential workers locally employed.
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Workforce housing bridges gap between low-income subsidized housing and market-rate housing for essential workers. Targets teachers, healthcare workers, police, and service employees. Pricing is below market-rate but above low-income subsidized rates. Communities address workforce shortages in high-cost areas. May include subsidy programs or developer incentives. Properties provide permanent affordability for working families. Communities support essential services by keeping workforce nearby. Appeal to employers and communities seeking economic diversity.
Pro Tip
Research employer partnerships and subsidy programs in workforce housing developments.
Example
A workforce housing community provided homes for teachers and nurses in a high-cost coastal area.