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To: Lorianne

A multi-million dollar per home community here called “Golden Eagle” had to meet the “affordable Home” requirement for all subdivisions. Can you imagine a 1,100 square foot $100,000 home sandwiched between two homes costing 4-5 million? The way they did it was to build condos near the entrance but with their own pools and facilities and no access to the gated and guarded community. Those condos were all sold at a loss. But GE has to keep them up as they can’t have a slum right outside their main entrance.

Leon county requires that 10% of any development be “affordable.” For an article, I interviewed a developer who had a whole community of one acre homes in the woods. He told me that he could have built and sold all $400k homes (during the bubble.) But because 10% had to be essentially 1,000 sq. ft. the maximum price was about $140k.

I lived in that development. Most of the problems came from occupants of those affordable homes. The people themselves were okay, but they’d have family members come to stay with them fresh out of prison. As an example, one of those robbed several homes starting with those closest.


14 posted on 07/25/2015 2:07:41 PM PDT by Gen.Blather
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To: Gen.Blather

Maybe they could start here! Only 300 home sites on 20,000 acres!

http://www.santaluciapreserve.com


21 posted on 07/26/2015 9:01:41 AM PDT by vette6387
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