Sep 7, 2022

"Workforce Housing"? As opposed to what?

     Don't think I'd ever heard of the term before.

     Housing for people who work?

     I saw it in a story at AL.COM about the old Red Cross HQ Building in Birmingham, near the building that was home to WERC Radio way back in 1976 when I started working there.

That's the old radio station building on the right as it was being torn down....in the 90's, as I recall.

Anyway, the Red Cross building:

"...built in the 1940s, has been vacant since 1999. It will reopen with 192 new units of workforce housing and 4,000 square feet of retail space. The project has a price tag of about $30 million."

Here is how one large housing website defines it:

The term “workforce housing” is most often used to indicate a program targeted at households that earn too much to qualify for traditional affordable housing subsidies. The largest rental subsidy program, housing vouchers funded by the U.S. Department of Urban Development (HUD), targets families making up to 50% of the median income for their metropolitan area (AMI). Households earning up to 80% of AMI are eligible to live in Low Income Housing Tax Credit (LIHTC) properties. Relative to these programs, workforce housing is most commonly intended for households with incomes between 80 and 120% of AMI.

So now I (we?) know!

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