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Saratoga Springs officials discuss raising workforce-housing AMI cap to 120% and stepped-up buyer education
Summary
City council members and staff debated raising the workforce-housing applicant income ceiling to 120% of area median income and discussed new outreach and homebuyer-education efforts to keep city-subsidized homes from reverting to the open market.
Saratoga Springs City Council members and city staff on the council agenda discussed raising the workforce-housing applicant income cap and expanding homebuyer education to prevent city-supported homes from leaving the program.
The discussion centered on a staff proposal to increase the program’s eligible applicant pool from 80% of area median income (AMI) to 120% AMI. Katie (Community Development staff) said, “The proposal that I had was to raise the acceptable applicant pool to instead of 80% to 100% AMI, to raise it up 120, which aligns with what HUD is doing for their workforce housing.”
Why it matters: Council members described a pattern in which units that were affordable when built have appreciated and been released to market-rate sales when qualified buyers could not be found. Katie…
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