April 12, 2017

Insufficient Affordable Housing Limits Florida’s Economic Potential [Housing News Network Journal]

Entrepreneurs and business owners looking to grow their companies acknowledge that the availability of affordable housing substantially affects their ability to recruit and retain qualified entry- and mid-level employees, according to a variety of surveys from the Center for Housing Policy. The Center further cites surveys in which the availability of affordable housing is a primary concern of companies as they make siting decisions.

Traffic congestion from commuters negatively impacts businesses as well as employees. Congested roads increase business operating costs and shrink the area from which customers and clients are drawn. These problems are also a significant deterrent to business relocation in a community. As Florida’s policy makers look to encourage job creation and the state’s overall economy, recognition of these facts suggests they should increase available funding and undertake other measures that will increase the stock of affordable housing.

Read more on flhousing.org

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