Models of Workforce Housing Affordability Over Time
33 Pages Posted: 30 Jun 2020
Date Written: June 6, 2020
California is facing a housing crisis. One group that has been highly affected has been the workforce of moderate-income citizens who often have to contribute over 30% of their income towards housing expenses. To answer the question of how best affordable ownership housing programs can serve this group, I analyzed four different models of affordable housing compared to market rate ownership and rental models in the City of Davis. This included Dos Pinos (limited equity housing cooperative), Aggie Village (limited appreciation land trust model), Southfield Park (limited appreciation condo), and the City of Davis Affordable Ownership Housing Program (limited appreciation single family homes).
I compared the level of affordability for each model from the year the model was first implemented in Davis, to their status in 2019. I found that while each model of affordable ownership housing was less expensive than the comparable market rate option, certain models were more effective at producing affordable prices as well as increasing affordability over time. These differences should be recognized, and the most effective models should be implemented in future plans for creating affordable workforce housing.
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