The economic crisis following the dawn of the COVID-19 pandemic is becoming more apparent. This has also led to a lot of people struggling to find affordable housing. According to Maxwell Drever, at least a part of this issue can be solved through workforce housing.
What is Workforce Housing?
Workforce housing programs aim to help households with middle-income wages to find affordable housing. However, there are certain factors that a certain household needs to pass on to be eligible for any of the workforce housing programs. The basic requirement is that the household’s total income should be between 60 to 120% of the area median income (AMI).
Maxwell Drever believes that everyone should have the right to live in safe, comfortable, and affordable housing. This is why he encourages people to invest in this industry to create more spaces for accommodation for people who need affordable housing.
The Importance of Affordable Workforce Housing
There are various reasons why workforce house is important to cities and their people. Read on to learn some of these reasons.
1. Affordable Housing for Low Income Households
The core advantage of workforce housing is that it provides affordable housing to people who need it the most. In addition to that, it also allows people to spend their hard-earned money on other important expenses, such as food, and even education.
2. Critical For The Community’s Economic Growth
Big cities usually have a lot of good job opportunities that attract many employees. However, without affordable housing opportunities, these people may not be able to secure a job. If they have affordable housing opportunities within commuting distance, they are more likely to pursue the job. With more people from all over the country working in the city, it can be beneficial for the growth of local businesses.
3. Secure Living Conditions
Having a decent yet affordable housing solution at their disposal, one doesn’t have to worry about their living conditions. This can lead to significantly lower stress levels in the long run. On the other hand, constantly being concerned about high living costs can lead to mental, emotional, and even physical stress.
Overall, affordable workforce housing can be very beneficial in ensuring that most people are able to find affordable housing and live a comfortable and safe lifestyle.
Are There any Cons of Workplace Housing?
While the benefits of workplace housing outweigh the cons, it is still important to take the latter into account to be fully aware of the situation.
The one disadvantage of workforce housing to note is that most of these housing opportunities are found in more remote areas of the city. The locations help keep the budget low but may make it difficult for one to find housing in the area they want to live in.
However, this is more or less the only con of workplace housing. And with a little effort, one can easily work their way around it.