Sunday, June 12, 2005

Housing prices beyond the reach of many in the past two years.

LEE COUNTY

Problem:
A boom in second homes and coastal Florida real estate have pushed housing prices beyond the reach of many in the past two years.

Solutions:
The county commission has created a community land trust and set aside $1 million to be spent on affordable housing. County officials also are talking to major employers for input and looking into a variety of other ideas, such as arrangements in which a portion of a tenant’s rent would go toward a down payment on a house.

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