Saturday, August 19, 2006

Track K won't be used for affordable housing

As reported in the Marco Eagle, Tract K in the Tigertail area has been eliminated as a possibility for affordable housing to be developed to support our service and support workers such as police, teachers, nurses and other needed resources.

CLICK HERE for the full story.

What does that mean to us as property owners?

As we lose our existing workers to natural attrition rates due to higher costs of living, we are finding it harder to draw qualified candidates in to fill these positions. So ultimately, we will suffer. We need to encourage our legislators to resolve this issue more quickly before it gets to the breaking point. In my opinion, Tract K is not a significant enough piece of land to warrant affordable housing. However, there are areas of island that may better suit the need and could be rezoned to accomodate a higher density of housing to relieve that potential crisis that we are facing. It's up to us to support the development of afforable housing. We will only hurt ourselves if we don't.

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