October 14, 2005
SUPPLY CAN'T KEEP UP WITH DEMAND:
Douglas Focuses on Affordable Housing (WCAX-TV, October 13, 2005)
Gov. Jim Douglas, R-Vermont, plans to make affordable housing a top priority for the 2006 legislative session. He told development leaders he has asked the Department of Housing & Community Affairs to come up with new incentives to create more housing units in Vermont. Douglas says affordable apartments for low-income renters will fall short of demand by 21,000 units by the end of the decade. He also says Vermont will need over 12,000 more owner-occupied homes by the year 2010 to meet demand."As demand has exceeded supply over the years, prices have risen. Astronomically in some communities... putting home ownership far out of reach for Vermonters of modest means," says Douglas.
Posted by Orrin Judd at October 14, 2005 12:51 PM
Comments
Meanwhile, the "progressives" on the Burlington city council are pushing for rent control. Bad ideas never die, they just retreat to the college towns.
Posted by: Jason Johnson at October 14, 2005 2:14 PMNot to worry. Businesses are leaving Vermont quickly now, so their employees will be selling their homes to make room for more welfare recipients - thanks to the threat of "Hillary care" that the progressives want to impose on the state.
Posted by: obc at October 14, 2005 5:20 PMIts a suburb of Manhattan now.
Posted by: Robert Schwartz at October 15, 2005 1:47 AM