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Work Force Housing

Workforce housing is housing that is affordable to workers and close to their jobs. Workforce housing also includes housing for young professionals, workers in the construction trades, retail salespeople, office workers and service workers.

An Urban Land Institute (ULI) report of the Washington DC, area found that the combined costs of housing and transportation represents almost 47% of the median household income in the area.

According to the Center for Housing Policy's Paycheck to Paycheck calculations, in the third quarter of 2010, the median-priced house in the U.S. cost $180,000.

To purchase this house, a family needs an income of $56,969. Yet the median household income in the U.S. was only $50,221.

Benefits to Employer

•  Retain existing employees
• Reduce turnover
• Decrease training costs
• Recruit new employees
• Increase productivity
• Build staff loyalty to employer
• Produce positive return on investment
• Build organization value and reputation
• Generate positive publicity for the employer

Benefits to Employee

• Overcome homeownership barriers
• Improve knowledge of the home-buying process and home-ownership concerns
• Secure financial assistance
• Enhance quality of life
• Build wealth and equity appreciation
• Live closer to their workplace
• Potential decreased housing costs over renting

Work Force Housing Overview