Affordable housing is defined as costing no more than 30% of the median household income of an area.
To do market rate affordable housing, you have to build housing until demand/supply begin to balance...
We are currently out of balance thousands of units in the Lakes Region, and do not expect to catch up in the current environment for many years.
An exact location...
Old North Main Street was built after WWII as affordable cluster housing.
It somewhat followed the modelling of Levittown NY.
Small lots, simple design, using easily acquired standardized materials.
They were mass produced to the point of saturation so that supply/demand would balance.
Workforce housing is the term you may be questioning...
It is housing marketed toward the late 20s through early 50s crowd... usually small family homes, agains using the Levittown model.
Without workforcing housing... you have to pay more for the same municipal labor force for the same level of service. So property taxes rise to cover those labor costs. Business struggle toward the higher margins that can cover the increased labor costs. Our current situation.
|