As time goes on, we continue to see the increased importance of considering how prevailing wage could affect affordable housing. In 2008, CHPC released a report called Prevailing Wisdom:The Potential Impact of Prevailing Wages. It includes analysis of existing studies, applicable data sets, and incorporation of information from a small sample of affordable housing projects in NYC.
Our main conclusion is that a requirement to pay prevailing wages reduces the amount and affordability of subsidized housing, while doing little to improve the real problems faced by workers in the construction industry in general.
The report makes the following recommendations:
- Prevailing Wages Should Not Be Applied to Affordable Housing
- Construction Workers Need Better Access to Training and Jobs
- Construction Oversight Should Be Improved
You can view the report below:
You can download the full report here.