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Workforce housing refers to residential units that are affordable for individuals and families who are employed in various sectors but may not earn enough to afford market-rate housing. This type of housing is typically aimed at moderate-income workers, such as teachers, nurses, police officers, and service industry employees. Workforce housing plays a crucial role in ensuring that these essential workers can live in proximity to their jobs, contributing to community stability and economic vitality. It often includes different types of housing, such as apartments or single-family homes, and may involve public-private partnerships to create viable housing options. The goal of workforce housing is to provide decent, safe, and affordable living conditions to enhance the quality of life for working families while supporting local economies.
A major redevelopment project is set to bring new life to the historic Indiana Furniture building in Jasper, Indiana. Flaherty & Collins Properties has joined forces with Krempp Construction to…