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What’s happening in workforce housing?
JUNE 22, 2020

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What’s happening in workforce housing?

by Denise DeChaine

What exactly is workforce housing? Different audiences have different definitions. Some think of it as subsidized housing, but Bob Hart, president and CEO, founder, at TruAmerica Multifamily, gives the following definition.

“We think of it as class B housing, which is the largest sector of multifamily,” said Hart. “Workforce housing is typically referred to as housing that represents a renter by necessity, and typically in our sphere it’s households that have incomes between $40,000 per year, at the lower end, up to maybe $100,000 to $150,000 on the higher end if it’s in areas such as Seattle, New York, part of Southern California or the Bay Area, where incomes tend to be higher. For the most part it is blue and gray collar demographics, and it is people that are renting out of necessity as opposed to by choice, which would be more class A.”

To hear Hart talk about why workforce housing is so important for economic growth in the United States, how multifami

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