What is Workforce Housing?
Workforce housing applies to all income levels within our workforce. A household’s total housing costs, according to federal guidelines, should be no more than 30 % of the household’s income. By this standard, a significant number of Monadnock Region residents cannot affort to lease an apartment or purchase a home. Our housing market has lagged in the production of new units and, therefore, existing units have increased in price/cost so significantly that a large number of our workforce cannot afford to live in them.