Soaring prices for land, materials, labor make it harder for affordable housing to be affordable
“Apex this year launched an Affordable Housing Fund, where the town sets aside about $1 million a year to support more units, Valenzuela said.
‘These are things other local jurisdictions can consider adopting – either an affordable housing bond or local fund – to help offset some of those rising costs,” he said.
‘We know we can’t do it all on our own. It takes a team. It takes an effort,’ he added. ‘It’s going to take, typically, multiple funding sources and partnering and ensuring we have those commitments in place to help be able to pencil out a project.'”