New affordable housing plan targets squeezed middle-income families

During a recent government meeting, officials discussed the pressing issue of affordable housing in the community, highlighting the challenges faced by households earning between 120% and 200% of the median income. A representative emphasized the findings of the Nexus study, which indicates that families earning up to 163% of the median income require assistance to secure housing.

The discussion revealed that many households in this income bracket are experiencing significant financial strain. They find themselves unable to afford market-rate housing while also being ineligible for traditional affordable housing options, which typically cater to those earning 120% of the median income or below. This gap in housing affordability is a growing concern, as it leaves many families struggling to find suitable living arrangements.

Officials acknowledged the need for targeted solutions to address this issue, as the current housing landscape does not adequately support those who are \"squeezed\" in this income range. The meeting underscored the importance of developing strategies that can provide necessary assistance to these households, ensuring that they have access to affordable housing options that meet their needs.