The difference between “Affordable Housing” and “affordable housing”
In reality, there’s a difference between “Affordable Housing,” “workforce housing,” and “affordable housing.”
“Affordable Housing” consists of rental units targeting households earning 60% of Area Median Income (AMI) or less and is typically financed with scarce government resources.
“workforce housing” consists of renters and owners earning between 60% and 120% of AMI and is typically financed with a mix of government and private financing.
“affordable housing” refers to housing that costs renters and owners 30% or less of their income. That said, “Affordable Housing” can be unaffordable. Same goes for “workforce housing.”
That said, there’s a clear distinction between “Affordable Housing” and “workforce housing” – the 60% of AMI line.
A link to the piece is found here.
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About the Author
Jeff Carroll is a trusted leader in workforce and affordable housing who has spent his career building communities that balance efficiency, affordability, and long term stability. He leads Allen & Associates Consulting and helped launch the Workforce Housing Development Corporation, guiding projects that use innovative construction methods and mission aligned financing. With thousands of consulting assignments completed nationwide and degrees from Clemson and Harvard, Jeff brings deep technical insight and steady strategic vision to every project he supports.
This post highlights the grand opening of Buchanan’s Crossing, a fully accessible mixed income community serving veterans and seniors in Kansas City, Kansas. Project sponsors, city leaders, lenders, investors, future residents, and the construction team gathered to celebrate the completion of the first phase. The development will ultimately include forty two and three bedroom duplex units and required a major off site sanitary sewer improvement, including a one hundred forty four foot bridge that supports utilities for the project and future growth in the area. Jeff Carroll and Bob Hughes addressed attendees before the ribbon cutting and walk through, marking an important milestone for the community.