The difference between “Affordable Housing” and “affordable housing”

In reality, there’s a difference between “Affordable Housing,” “workforce housing,” and “affordable housing.”

“Affordable Housing” consists of rental units targeting households earning 60% of Area Median Income (AMI) or less and is typically financed with scarce government resources.

“workforce housing” consists of renters and owners earning between 60% and 120% of AMI and is typically financed with a mix of government and private financing.

“affordable housing” refers to housing that costs renters and owners 30% or less of their income. That said, “Affordable Housing” can be unaffordable. Same goes for “workforce housing.”

That said, there’s a clear distinction between “Affordable Housing” and “workforce housing” – the 60% of AMI line.

A link to the piece is found here.