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prima:Affordable housing may cost between $170,000 and $190,000

If the governor signs House Bill 1470, the private sector could build some 5,000 units that, according to the Department of Housing, were on hold because their cost was higher than the sale price

November 22, 2023 - 9:32 PM

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This content was published more than 6 months ago.
Middle-class housing is defined as housing that costs up to 80% of the Federal Housing Administration (FHA) insurable maximum, rather than the originally proposed 90%. (Archivo)

The Department of Housing estimates the private sector could start building about 5,000 affordable housing units if Governor Pedro Pierluisi signs into law the measure that increases the price caps for affordable housing projects to a range between $170,000 to $190,000.

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