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With available land dwindling, redevelopment of older, affordable areas has increased. These older areas have doubled, tripled and even quadrupled in value over the past few years, leaving a severe shortage of housing opportunities for many residents.
Although Palm Beach County boasts a relatively high median income, $64,400, with the 2005 median resale price at $390,100, housing affordability remains acute. Additionally, with rising land costs and increased government regulations, new construction is financially out of reach for a large segment of the population.
The Palm Beach County Housing Opportunity Alliance is dedicated to expanding housing availability and ensuring an adequate supply of housing opportunities for all Palm Beach County residents in both the rental and homeownership sectors of the market. We are dedicated to developing and providing solutions to help shape housing related public policy and the public’s perception of affordable housing.
Alliance membership is available to
like-minded business and civic groups that want to participate in shaping
the future of Palm Beach County. For more information dbrahs@rapb.com