CBRE Affordable Housing Research Brief
| Opportunity Funds: A New Source For Funding Workforce Housing
Since the end of the recession, demand for affordable, accessible rental housing has far outpaced supply. As the affordability crisis grew, federal, state and local programs focused on those with the greatest need, households earning less than 60% of Area Median Income (AMI), especially the extremely low income (ELI) and very low income (VLI) households. But as market rate rent in the U.S. grew 38.5% between 2010 and 2017, workforce renters, those earning between 60% and 120% of AMI, increasingly became unable to find or afford an apartment. Earning too much to qualify for subsidized housing and not enough to afford today’s rents, where does the middle-income wage earner find rental housing? |
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Published by Oklahoma Coalition for Affordable Housing
The vision of OCAH: That all Oklahomans have the opportunity to live in safe, healthy and affordable homes. Our Mission: To lead the movement to ensure that all residents of the state of Oklahoma flourish in safe, affordable homes and to help communities develop safe and affordable housing options for all of their residents. We reach our mission through advocacy, education and practical training to foster the production and maintenance of affordable housing throughout the state.
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