Workforce housing definition

Workforce housing means housing for sale or rent with combined rental costs

Workforce housing means housing that is affordable according

Workforce housing means housing for sale or rent with combined annual rental costs or combined annual mortgage loan debt service, property taxes, and required insurance that do not exceed thirty percent (30%) of the gross annual income of a household earning between eighty percent (80%) and one hundred and forty percent (140%) of the area median income, as defined annually by the United States Department of Housing and Urban Development.

Examples of Workforce housing in a sentence

• Developer shall be limited to five hundred (500) building permits within the Project (exclusive of the Workforce Housing Project located upon the Pedegral multi-family site, which shall not count against the 500 unit cap), unless and until Developer has commenced construction of Phase 2 of Country Club Drive.

• The ITS fee shall be inapplicable to the one hundred (100) units of Workforce Housing.

• Developer shall include within the multifamily zoned portion of the Pedregal site one hundred (100) units of Workforce Housing consisting of fifty (50) units with rents affordable to persons/families earning eighty percent (80%) of Area Median Income (AMI) and fifty (50) units with rents affordable to persons/families earning one hundred percent (100%) of AMI.

• In an effort to increase the diversity of housing types and address the County’s desire for Workforce Housing, Developer and County shall cooperate in good faith over the initial twelve months of this agreement to develop Specific Plan provisions whereby Planned Development Permits for Townhome and Condominium projects which adhere in all respects to all of the development standards in the RM-1 and RM-2 Zones may be approved ministerially.

More Definitions of Workforce housing

Workforce housing means housing which is intended for sale and which is affordable to a household with an income of no more than 100 percent of the median income for a 4-person household for the metropolitan area or county in which the housing is located as published annually by the United States Department of Housing and Urban Development. “Workforce housing” also means rental housing which is affordable to a household with an income of no more than 60 percent of the median income for a 3-person household for the metropolitan area or county in which the housing is located as published annually by the United States Department of Housing and Urban Development. Housing developments that exclude minor children from more than 20 percent of the units, or in which more than 50 percent of the dwelling units have fewer than two bedrooms, shall not constitute workforce housing for the purposes of this Article.

Workforce housing means housing that is affordable according to federal Department of Housing and Urban Development or other recognized standards for home ownership and rental costs, and occupied or reserved for occupancy by households with a gross household income of more than 80 percent, but less than 120 percent, of the median gross household income for households of the same size within the housing region in which the housing is located.

Workforce housing means owner-occupied or rental housing units that are provided to households with at least one member per unit who is gainfully employed at the time of entry into the unit.

Workforce housing means single-family and multi-family dwellings which are affordable through sale or rent to households that meet specific income requirements as stated in RSA 674:59. (For housing intended for sale, purchaser’s income may be no more than 100 percent of the area median income for a 4-person household. For rental housing, renter’s income may be no more than 60 percent of the area median income for a 3-person household for the metropolitan area or county. Housing developments that exclude minor children from more than 20 percent of the units, or in which more than 50 percent of the dwelling units have fewer than two bedrooms, shall not constitute workforce housing for the purposes of this subdivision.)

Workforce housing means housing affordable to, according to

Workforce housing means housing that is affordable for households with incomes between 80 percent and 120 percent (or less) of the area median income (AMI), regardless of tenure.

Workforce housing means housing that is affordable to households earning 60 to 120 percent of the area median income