Housing that is close to major employment centers remains unaffordable to a large portion of workers in the Boston metropolitan area, despite the decline in home prices that occurred in many parts of the region during the recession. This is the conclusion of new research published by the Urban Land Institute (ULI) Terwilliger Center for Workforce Housing. In Priced Out: Persistence of the Workforce Housing Gap in the Boston Metro Area, researchers examine the availability of for-sale and rental housing near six major employment hubs in the Boston area, specifically in terms of housing that is affordable to workforce households. The study found that there is currently a shortage of about 25,000 housing units affordable to workforce households near each of the six employment centers, with the number expected to increase.
www.smartgrowth.org/news/article.asp?art=7808
Article courtesy of Smart Growth Online
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