Affordable housing squeeze
While investors are doing back-flips over property valuation increases along the canals in Cape Coral and the half-acres of Lehigh, many low and moderate income families are being left behind.
The Florida Association of Realtors recently announced that the average price of a home is over $450,000 in Collier County and approaching $250,00 in Lee County.
There are limited county resources available to bridge the gap to home ownership for needy families including the Collier County University Extension Housing Program and the Lee County Housing Development Corporation.
Housing market taking its toll on residents [Naples Daily News]