Work Force Housing v. Achievable Housing v. Affordable Housing
Alpine elects to develop its properties as Achievable Housing as opposed to affordable housing. Both are in the category of Work Force Housing. The latter separates a vast majority of the workers whose earnings fall below the 60% of AMI for their region. While it is this threshold that qualifies residents for Affordable Housing, they are a vibrant and important portion of the entire work force throughout the United States.
Achievable Housing targets those individuals and families seeking to live within reasonable proximity to where they are working. Typically, these are residents earning between 60% – 120% of AMI. These residents may include local firefighters, police officers, school teachers, middle managers, small business owners, and nurses for whom the communities in which they work, as is often the case, has a cost of living beyond the means of the majority of the very population needed to support the infrastructure of the very community they serve.