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Mixed-Income Housing
Mixed income housing is a term used to describe a neighborhood that offers homes with a variety of sales prices. They allow consumers with a variety of incomes the ability to live in the same neighborhood. For instance, while one street in the neighborhood can offer homes that start at $120,000, the street behind it offers homes beginning at $500,000. Intermingling homes of different sales prices offers a sense of versatility and diversity. There can be less of a disconnection between neighbors of different income levels. This type of community can promote an awareness of different lifestyles and ethnicities. Home builders succeed because they are able to attract consumers in virtually any income level. The possibility of pricing consumers out is low. Everyone, from first-time home buyers to wealthy individuals, can afford a home in a mixed-income housing community.