Orange County NC Website
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15 <br /> Slide #25 <br /> HOUSING IN ORANGE COUNTY <br /> The Reality of Complicating Factors—Making <br /> Affordability Harder to Achieve <br /> Zoning reform designed to increase <br /> But... housing construction <br /> Increased speculation in local real estate <br /> Increased demand-side competition for <br /> plus demolition of existing <br /> affectedSteady or <br /> her housing costs in the <br /> neighborhood <br /> R R R S N I N 5 T I T Y T E <br /> Yonah Freemark said regional housing needs affect the availability of affordable housing <br /> in Orange County. <br /> Slide#26 <br /> HOUSING IN ORANGE COUNTY <br /> • New construction helps <br /> accommodate housing demand, <br /> thus reducing upward pressure in <br /> What do we know highly sought-after areas. <br /> about the effects of The most likely impact of more new <br /> new construction construction over the medium to <br /> on housinglong term is moderation of price <br /> increases in both the affected area <br /> affordability? and the region overall. <br /> • Construction cannot make housing <br /> massively more affordable on <br /> average or investors would not <br /> build. <br /> R R R S N- I N 5 T I T R T 1 - 26 <br />