Partnering with Nonprofits Private developers across the country also are changing their focus to include mixed-use, infill development. To make a profit while developing workforce and affordable housing within their projects, private developers can partner with nonprofit housing organizations, which are eligible to receive bond monies and tax credits. The projects, most often structured with the nonprofit as managing partner, could include a mix of residential unit types – for instance, 80 percent market-rate units with the balance dedicated to permanent workforce or affordable housing. Nonprofit organizations also are effective partners because they generally have established relationships with municipalities and can often assist in processing and approvals.
But, workforce housing should mean more than just providing units for basic shelter. Housing should be viewed in the wider context of the community and intertwined with elements that promote social values. Affordable and workforce housing communities should be enhanced by services designed to answer residents’ most critical needs, such as on-site childcare, access to transportation and jobs, and job training. By developing communities that bond decent workforce housing with quality of life considerations, we build stronger, sustainable communities, and better lives.
–G. Allan Kingston is president and CEO of Culver City, Calif.?based Century Housing, a nonprofit corporation.
