Affordable Housing Initiatives in South Florida: Part 4 - The Resurrection of the Condo Conversion!

You know... a funny thing happened to me on the way to the forum...

Driving around I have noticed that there might yet be a solution to HELP not fix but HELP some of the affordable housing shortages...

PRICE DROPS

Specifically on condo conversions and new communities that DO have immediate availability. I've noticed that The Colony Townhomes at Boynton Beach specifically has lowered their prices! This past week, in fact, they dropped the prices $10,000. Sure, they're still $319,900... but that's affordable per the State and County!

But that's not all... so many developments have had contract cancellations, poor sales and stalled inventory that they've started cutting prices down into the $200Ks!! I've even been seeing under $200K!!!

So.. perhaps the counties need to take stock of these properties and offer some incentives to builders to bring down prices on stalled inventory to create more affordable housing. Use the workforce monies and low income grants to attract buyers to those units.

We could also have local authorities incent builders and developers to turn these into affordable and workforce housing by offering them the opportunity to build elsewhere at higher price points without affordable housing quotas!

So... how can WE support my new initiative??

Easy:

1. Support Localism... list your properties there... highlight the affordable ones based on whatever your county uses as a guide.
2. Promote those listings throughout the area as affordable solutions... you don't have to make it the sole marketing idea for that property but one of them! Use it to blanket a rental community even!
3. Push the idea with local lawmakers and politicians.

Push the Call to Action... My call to action is an interactive one:

• Post your "affordable" listings on Localism AND on this Blog.
• Put a small photo here and a quick tagline
• Add Locale, Price, Configuration and a ONE LINE Blurb
• Link it to you Localism posts AND your personal website.
• This does NOT have to be Just for South Florida - post them ALL here and I'll change the title!