For this analysis, we define workforce households as those households whose members
collectively earn between 60 and 150 percent of the Median Family Income, adjusted
for household size, as defined by the Department of Housing and Urban Development.
Assuming an average of approximately 1.5 persons per household, this includes households
earning between $30,000 and $75,000 annually.
The study defines a workforce housing unit as a home that is affordable to the workforce
if it consumes not more than 30 percent of the household's income (for rental) or
falls within owner affordability standards common among lenders in today’s mortgage
Consequently, a workforce housing unit is either a rental unit with monthly rent
between approximately $750 and $1,875 per month or a single-family home, townhouse
or condominium priced below $240,000.
Subsidies for households earning between $30,000 and $75,000 annually!