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Despite efforts by state and local governments to incentivize the development of affordable housing for workforce individuals and families, little has actually been done to close the gap locally. That is in no small part due to the post-pandemic economic realities of rising costs and local real estate market forces.
Both city and county governments have recently enacted legislation to provide density bonuses and cost-saving incentives to help solicit voluntary participation among the development community, but it remains too soon to gauge their effectiveness. Meanwhile, employers are finding it increasingly difficult to attract workers largely because of the cost of housing.
On Wednesday, the Sarasota Chamber of Commerce gathered leaders of the business community in the auditorium at Sarasota Memorial Hospital to share ideas and encourage innovation to help address the problem.
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