© Wyoming Housing Partnership 2016
Workforce Housing Shortage - A Wyoming Challenge
The Challenge-- Wyoming’s Workforce Housing Shortage
BACKGROUND What is workforce housing? Housing is affordable when households, renting or purchasing, are able to pay their housing costs and still have sufficient income to meet other basic needs such as food, clothing, medical care, education, transportation.  One benchmark is that housing is affordable if it costs no more than 30% of a household’s gross income. Workforce housing is a term used to describe housing affordable to gainfully employed households with an earned income insufficient to pay for quality housing reasonably close to their workplace. 
THE CHALLENGE Challenge - Wyoming’s Workforce Housing Shortage:  Housing affordable to Wyoming’s workforce is in very short supply, and the need is projected to increase through at least 2040.
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A SOLUTION The Cheyenne Housing Authority is sponsoring the formation of a new nonprofit organization with a core mission to create and maintain housing affordable to Wyoming’s workforce, and to support successful homeownership through the provision of homebuyer and financial education.  This organization will initially focus on Cheyenne, and then possibly expand its operations statewide.
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