Northampton is committed to ensuring safe, affordable, and decent housing
- Temporary and transitional housing for those experiencing or at great risk of experiencing homelessness.
- Affordable housing- for those who are housing burdened (defined as housing for those earning at or below 80% of the Area Median Income, or AMI). Typically this requires housing with some kind of financial or regulatory incentive and subsidy.
- Workforce or community housing for those who are served at the low end of market housing (defined in the CPA act as housing for those at or below 100% AMI, but many other definitions exist). Given the deficit of that supply, many people with this and higher incomes are still housing burdened and there is a need for financial and regulatory incentives to increase the supply.
- Attainable and market-rate housing for all. The shortage of market-rate (not subsidized) housing at all ends of the market creates a need for an increased supply, especially in sustainable areas which promote walking. Because this shortage pushes prices up, many homeowners have incomes that would not allow them to purchase their own homes, which they purchased when housing was more affordable. As these homeowners leave their homes, new homeowners often have higher incomes, creating a demographic bomb that will only worsen as people leave long time tenancy. Multiple strategies are necessary to counter that effect and to encourage a variety of housing types which will result in housing options for a cross-section of our community throughout our neighborhoods.