Maxwell Drever : Tips and Techniques for Arranging Affordable Housing for the Workforce
In order to encourage the allocations of workforce housing, local governments can utilize a variety of methods. These methods can either be regulatory or even non-regulatory. This article covers some tactics by Maxwell Drever that are being used in Washington State and across the United States.
The complexity of putting these strategies in place, as well as their influence on workforce housing affordability, differs. Read on to learn more.
What Can You Do to Arrange Workforce Housing On a Budget?
Following are a few things that you can adopt or do in order to efficiently provide a hassle-free workforce housing opportunity:
Partner with Non-Profit Organizations
Non-profit housing developers and public housing agencies construct and maintain a vast number of affordable housing units all over the United States.
As per Maxwell Drever, nonprofit housing developers can provide a larger range of services than PHAs, which are federally recognized governmental bodies that specialize in delivering and lobbying for low-income housing. Both have their own boards of directors and can often access funding sources that a city or county cannot.
These organizations usually hire people who are solely dedicated to fixing affordable housing challenges and creating new workforce housing units.
Launch an Effective Bonus and Incentive Program
Incentive programs can encourage private-sector housing developers to create workforce housing. They might also enjoy other benefits and enjoy the opportunity to develop more square footage or housing units than is normally permitted.
More and more density incentives allow a developer to create additional units in exchange for providing a public benefit. Developers benefit from increased density because it allows them to create more economic value. On the other hand, communities and municipalities benefit from the addition of more workforce housing units.
Make Sure That Your Permit is Always Ready
According to Maxwell Drever, whether you are an applicant, a local citizen, or a government employee, a clear and uniform permit review system benefits everyone. Many communities have tried to make their development review processes more efficient by streamlining them.
However, this still requires applications to follow all zoning and development restrictions. Some cities have taken advantage of these expedited procedures to concentrate on projects that address critical community needs, such as affordable housing.
Final Thoughts
From coast to coast, there is a high demand for inexpensive mid-rise workforce housing. This is partly due to a misalignment of wages and living costs, but it is also because low- and middle-income workers have a limited number of housing options.
There are several reasons to be worried about affordable housing availability. To begin with, everyone should be able to buy a decent home. House prices usually rise as the majority becomes wealthier, placing downward pressure on those with lower incomes. According to Maxwell Drever, the above strategies can help resolve these problems and make workforce housing more readily available.
