HomeMy WebLinkAbout2006 08 17 Affordable Housing Chart
Planning & Zoning BoardlLocal Planning Agency Meeting -
August 17,2006
The attached was given to the Board Members from Board Member
William H. Poe.
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Affordable Housing
1. None of the cities in Seminole County have affordable housing being built at this
time. This excludes Section 8 housing.
2. The city of Oviedo is currently speaking with a developer that is considering
"Deed Restricting" a portion of his development for affordable housing.
3. The current (2005) median household income for Seminole County is $55,100.
In (2000) it was $49,454. That is an increase of 11.4% increase over five years.
4. The average and median sales prices for new housing for 2005 were $304,564
and $276,650 respectively. The increase in cost of home sales far exceeds the increase
In Income.