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Hello, I am curious about the difference between the the 2 programs and if screening is as stringent for workforce housing as section 8. I live in a high income area and I work for local gov. making about 35k a yr (pays not great but benefits are). I also have a 6yr. old. In the city I reside they are currently building apartments for what they call workforce housing.
I am just wondering if the qualifications are as stringent as section 8. In my area, for a 1 person household, to qualify you have to make less than 45k and it goes up when you have 2 in the household. My main concern is my bank account as I have over 10k in savings ad I am fairly certain this may effect my eligibilty. Does anyone here have any knowledge regarding workforce housing. I currently could get on section 8 but the list is closed, but I am fearful my bank accoount would cause me to not be eligible. Thanks!
Hello, I am curious about the difference between the the 2 programs and if screening is as stringent for workforce housing as section 8. I live in a high income area and I work for local gov. making about 35k a yr (pays not great but benefits are). I also have a 6yr. old. In the city I reside they are currently building apartments for what they call workforce housing.
I am just wondering if the qualifications are as stringent as section 8. In my area, for a 1 person household, to qualify you have to make less than 45k and it goes up when you have 2 in the household. My main concern is my bank account as I have over 10k in savings ad I am fairly certain this may effect my eligibilty. Does anyone here have any knowledge regarding workforce housing. I currently could get on section 8 but the list is closed, but I am fearful my bank accoount would cause me to not be eligible. Thanks!
Section 8 is designed and intended for households below 50% of metro median family income (varies by household size). Workforce housing is usually intended for households in the neighborhood of 80% of metro median family income, often with government workers like you (great benefits but not necessarily great pay) specifically in mind. This is sometimes also called "missing middle" housing; workers who are not poor but who also usually cannot buy homes where they live.
The "overpaid, underworked" teachers in our area often qualify for something along those lines but it is called "affordable housing". It is designed for folks (teachers, cops, firemen, other government types) who don't currently make enough to live in the area but by federal standards are making a middle class living so they qualify for no federal assistance. New single teachers around here, especially those with a child or two, if they don't get the affordable housing end up having to commute 1-1.5 hours each way to work. It makes it very hard to keep service professionals that the community needs for all those well paid folks. Around here they do not have as stringent of requirements, especially on money being put aside to obtain housing of their own. It's kind of the entire point of the program.
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