All the financing resources you need under one roof

First Housing mobilizes capital to finance multifamily housing in the state of Florida and beyond.

Learn moreArrow

Place your confidence in first housing.

We provide easy and reliable tenant compliance monitoring and top notch training. Complying with public agencies' multifamily housing requirements isn't always easy, but it is familiar territory for First Housing.

Learn moreArrow

Manage the financing process with intelligence and ease.

We help lenders and investors make sound decisions by proving underwriting, financial analysis, servicing and loan administration services.

Learn moreArrow

First Housing University

Dedicated to enhancing knowledge of affordable property compliance with web courses, workshops, workshops, and personalized training.

Learn moreArrow

Protecting the American Standard of Living

Posted on: March 29th, 2016 by Tiffany Royall No Comments

There is no state in the U.S. where a minimum wage worker working full time can afford a one-bedroom apartment at the fair market rent.
(National Low Income Housing Coalition).

And you still think that Davis-Bacon work is not a necessity? Davis-Bacon does more than help with prevailing wages on projects, it is about Protecting the American Standard of Living.

The Davis-Bacon Act helps improve local economies by generating the prevailing wage law benefits to the community. “When working in a community, 2.4 times the amount spent on local construction goes into local shops and restaurants and pays the local taxes.” (Bac Web) “Additional economic benefits include: funding for building trades health and pension plans, training programs, immunizing the employees, an upward track for minority members of community to advance into higher-paying occupations.”(Bac Web)

Does the Davis-Bacon Act impede or improve labor markets? This is a huge debate for many. The facts themselves show it improves labor markets, but some Construction Professionals think it hinders their ability to perform the job by submitting payrolls weekly and trying to stay compliant during construction. Davis-Bacon promotes investment in human capital within the industry. “Construction is a competitive natured job/career. Construction workers are trained for their skill, it often takes years of schooling and apprenticeship to gain proper experience. With our innovative and evolving world of technology, these skills are being challenged and re-trained periodically. Workers have to be paid fairly to keep up with training and to do a great job that follows regulations. Davis-Bacon ensures the proper functioning of labor markets by grounding the industry’s competition in fair wages: making contractors compete.” (Bac Web).

Are you ready for a Davis-Bacon project now? Contact First Housing to discuss training, set up a Pre-Construction Conference, or assist you with project compliance administration. We have Experienced Professionals ready to answer the questions you may have. Email us today at

Already have a Davis-Bacon project started and need a poster, order online at

Bac Web. 2015.
National Low Income Housing Coalition. 2016.
Department of Labor. 2016.


Leave a Reply

© Copyright 2020 First Housing FL. All rights reserved. 107 S. Willow Ave. | Tampa, FL 33606 | | Privacy Policy

Skip to content