Workforce housing definition
Workforce housing means housing for sale or rent with combined rental costs
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 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.
Examples of Workforce housing in a sentence
Residential units designated by Developer as Workforce housing units shall be made available to income-qualified individuals (or individuals with families) whose household income at the time of application is at or below 60% of the median income for Madison/Dane County as established by HUD.
More Definitions of Workforce housing
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.
Workforce housing means housing that is affordable according
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, on an annual basis, costs thirty percent (30%) or less than the estimated median household income for households earning more than sixty percent (60%) and not in excess of one hundred twenty percent (120%) of the median household income for Davidson County based on the number of persons in the household, as established by the “Median Household Income in the Past 12 Months by Household Size” from the most recently available United States Census Bureau American Community Survey.
Workforce housing means housing developed as part of a
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.