The Gold Coast Builders Association and Builders Association of South Florida have joined forces to launch a campaign against excessive regulatory fee increases targeting new homes.
Homes For All Now will petition elected officials to consider how the fees can make current housing crises in Broward and Palm Beach counties worse, according to Gold Coast Builders Association's executive officer KT Catlin, who said 25% of buyers can't afford a new home.
"We are not an area on the affordability scale. I've always been taught that one and a half times your income is what you can afford in a home. In general, if I were making $100,000 a year, realistically I could afford $150,000. That is well below the average price point in either one of those counties, and well below the national average," Catlin said.
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Melea VanOstrand
Melea VanOstrand oversees the Daily Business Review as ALM's Florida Bureau Chief. Email Melea at [email protected] or follow her on her Twitter or Facebook pages.
