Affordable Housing for Working Families Act mandates minimum percentages of very-low, low, and middle-income housing units in new residential.
The Affordable Housing for Working Families Act requires new residential developments to reserve specific percentages of housing units for very-low, low, and middle-income households. Depending on the completion status of market-rate housing units, at least 10% to 100% of the total housing units must be reserved for these income levels. Municipalities can require developers to pay fees instead of constructing these housing units. The act also mandates that a portion of these units be two or three-bedroom units and that the reserved housing units remain reserved for at least three years.
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