Cities and states facing rising rents, stagnant household incomes and a tight housing supply are beginning to rethink, restrict and in places end zoning that favors single-family homes.
In Flagler, the population is projected at 112,000 in 2020, rising to 124,000 in 2025, then 134,000 in 2030, and 152,000 by 2040. The figures are significantly lower than those the bureau projected right after the Great Recession.
The Palms at Town Center is one of two apartment complexes that will total more than 300 units in what Palm Coast is touting as its new “Innovation District.” The developments are getting tax breaks.
Most of the landlords whom researchers called said they didn’t take vouchers. Some of those who agreed to show their unit to a voucher holder stood the renter up.
The apartment complex will be called Shadetree at Bunnell, with rent averaging $1,300 a month, on 30 acres abutting Palm Coast’s E-Section. The Bunnell Planning Board quietly approved an exception so the buildings could be exceed the city’s height limit.
Barbara Revels, who chairs the county commission, is proposing an amendment to a housing ordinance to extend non-discrimination protection to individuals for sexual orientation.
After July’s buoyant home-sale figures in Flagler County, which hit a post-recession high of 243 closed sales for the month, August’s numbers are somewhat less bubbly, but the trend remains solidly positive even as interest rates creep up.
Homes for sale in Flagler County have spent on average just 55 days on the market, also a post-recession low, while the median sale price of $155,000 in July in Flagler improved an impressive 7 percent on June’s median of $144,500, and 19.7 percent on the median price a year ago,
The Palm Coast City Council Tuesday approved 4-1 the 45-acre, 117-unit Brookhaven apartments development in Town Center, which will provide housing to lower income residents and walkability to nearby areas.
Sales of single family homes in Flagler were up 9.5 percent in August over a year ago, 10.8 percent across Florida, while pending sales have skyrocketed in further signs of health for the battered housing sector, even as prices still stagnate.