Mixed-Income Communities Rise to the Occasion

“Despite the (economic) volatility, demand is still strong,” said Carolee Fink, principal at MSquared, a New York City-based developer of mixed-income. “We still live in a country where more than half of renters spend more than half their income on shelter.”

The inclusion of a range of income levels provides options to the “missing middle,” those making too much to live in traditionally affordable housing, and those with too small of an income to live in market rate. “The mixed-income effort is one to get at the moderate- income bracket,” explained Tim Henkel, president at affordable housing developer Pennrose.