The changing real estate landscape has resulted in a decline in purchase prices for existing apartment buildings, prompting the elected regional government, Metro, to consider a proposal to revise the previously established Supportive Housing Services tax measure. President Lynn Peterson's proposal aims to allocate some previously committed funds to acquire these lower-cost housing opportunities, though it faces controversy for including other modifications. As affordable housing deals become more viable, Metro has already committed its available funds, creating a new context for necessary adjustments in funding strategies.
The shifting real estate market has led to a decrease in existing apartment building prices, creating opportunities for affordable housing acquisition.
Metro is considering a proposal to revise its Supportive Housing Services tax measure to allow the use of some funds for purchasing lower-cost properties.
#affordable-housing #real-estate-market #metro-government #supportive-housing-services #housing-policy
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