At a time when a generation of millennials - to say nothing of those still recovering from the 2008 crash of the financial markets or dislocated by the covid pandemic - Workforce Housing has arrived at a mainstream moment.
Moorehouse Place is sited on 6.5-acre parcel in York, Maine, which has become one of Maine's least affordable localities. The community is comprised of a 42-unit multifamily building, plus 10 townhouses. The multifamily structure includes one-, two-, and three-bedroom units; the townhouses are three-bedroom units.
The York Housing stipulates the broad outlines of the program are for “households with incomes that are 80%-120% of area median income. At least one member of the household must be employed full-time in the Town of York (as defined by their employer) or in surrounding communities.”
Plying our trade in the pricy waters of New England real estate waters, we have long advocated the development of Workforce Housing, frequently used for this purpose in places like the Bay Area, LA, or places devoid of a middle class such as Newark. We’re glad to see it being adopted in York, and proud to have contributed to its development.
There is a link to the New England Real Estate Journal article on this project on our recognition page. The story discusses in broad strokes the way Workforce Housing are constructed and why.
