Mixedincome

Mixed-income refers to housing developments or neighborhoods that intentionally include a range of housing types and price points to accommodate residents from various income levels. The goal is to create diverse communities where people with different economic backgrounds can live together. This approach is often seen as a strategy to combat residential segregation, which can be based on income as well as race or other factors.

By offering a mix of affordable, workforce, and market-rate housing units within the same project or area, mixed-income developments aim to foster social interaction and economic integration. This can lead to a broader tax base for local governments and can also provide access to better amenities and services for lower-income residents who might otherwise be excluded. Critics sometimes raise concerns about the long-term viability of these projects, the potential for market-rate units to become unaffordable over time, or the challenges of effectively managing diverse tenant populations. Despite these challenges, mixed-income housing remains a significant tool in urban planning and affordable housing policy.