North Country Workforce Housing Initiative Secures $3.5M
The North Country Accelerate Workforce Housing initiative secured $3.5 million to address development gaps.
The funding aims to counteract the shortage of workforce housing, which has been identified as a barrier to economic growth in the North Country region. The initiative is a collaborative effort involving the public, private, and non-profit sectors to stimulate housing development. The money will be used to finance projects that address financial feasibility gaps that often stall workforce housing developments. This includes pre-development costs, construction financing, and subsidy layering to make projects viable. North Country leaders hope that this investment will attract and retain needed workers in critical sectors, such as healthcare, education, and manufacturing.
