Home › News ›

Workforce Housing Fund Hopes To Be Smart Growth Catalyst

Posted by: Abhijeet Chavan
Thanks to: Will Cipes
2 June 2004 - 12:00pm

Jay Stark of the Phoenix Realty Group elaborates on the promise of workforce housing development in neighborhood revitalization.

Without any public subsidies avalilable to developers serving the workfoce housing market and with the spike in housing prices in recent years, this “middle market” segment–those at 80-200% of median income–has been virtually priced out of home ownership. The Genesis Workforce Housing Fund aims to fill the void and provide equity financing to developers in order to facilitate the production of for sale housing to serve this market. TPR is pleased to present this interview with Jay Stark, Executive VP and COO of Phoenix Realty Group, the Genesis Workforce Housing Fund’s manager.

Full Story: Workforce Housing Fund Hopes To Be Smart Growth Catalyst
Source: The Planning Report, May 28, 2004
»
Bookmark and Share
“
These practices are also inequitable since they force non-drivers to subsidize parking costs, reduce travel options for non-drivers, and reduce housing affordability.
”