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RENT BURDENED AMERICA

What does rent burdened mean? In 2015, 43 million families and individuals lived in rental housing, up nearly 9 million from 10 years earlier. Nearly 11.2 million Americans were severely rent burdened, spending more than 50% of their income on housing. 50% of all renters are moderately burdened by their rents. Wages are not increasing […]

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WORKFORCE HOUSING SUPPLY AND DEMAND

Boston remains among one of the least affordable cities in the United States, along with New York City, Washington, D.C., San Francisco, and Los Angeles. Regardless of fluctuations in the market, workforce households are faced with unaffordable housing options. The affordable housing crisis has been ongoing in Boston for over 20 years now. The affordable […]

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Filling the Gap Between Low-Income and Luxury Housing

In many of America’s great cities, workforce housing is not just a problem, it is a crisis. In many cities, and specifically Boston, we are seeing inner city residents being comprised of the extremely wealthy and the very low-income. There are those that can afford to rent a condo for $4,000 a month and then […]

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The Workforce Housing Conundrum

The availability of affordable, multifamily housing for an urban workforce has long fueled the socio-economic vitality of America’s leading cities. It has provided hardworking young people, immigrants and minorities a sturdy ladder toward the American Dream. But some of the rungs on that ladder are missing today. High-end apartment and condominium complexes dominate housing development […]

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A Big Step Forward for Workforce Housing in Massachusetts

Now comes the hard part: Moving it from paper to action Without much fanfare, Massachusetts Gov. Charlie Baker created the Workforce Housing Production Trust Fund as part of the state’s fiscal 2017 Economic Development Bill. It took many months of research and discussions to persuade legislative leaders and the Baker administration to embrace this concept. […]

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