A Healthy Economy
A competitive regional economy depends on diverse and affordable housing for
present and future residents.
- Businesses look for quality of life and a diverse housing economy in
making relocation decisions.
- Affordable housing has been called the "Achilles' heel" of economic
development.
Lessons from Austin, TX
Albany County is poised for a high-tech boom. We need to
learn from other regions that were unprepared for exponential growth in housing
costs. Read the report,
"High-Tech Growth and Community Well-Being: Lessons Learned from Austin, Texas."
Workforce Housing
Town and village housing costs are already rising faster
and more dramatically than incomes, making it difficult for people to live in
the community where they work:
- Read what
Saratoga County employers have to say about the impact of housing on their
workforce.
- Compare the cost of purchasing a home to
median household earnings.
- Median wages for a variety of occupations have not kept up with the
cost of housing.
Few Choices
A worker earning $50,000 a year can stretch to purchase a $150,000 home but
there are a shrinking number of homes available in your price range. In fact,
eight-five percent of the single-family homes for sale in Albany County on
10.19.2007 were priced over $150,000.
We're building
plenty of this:
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But not enough of
this:
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