Affordable Housing & Common Sense
Below is a letter from Leelo-Dianne Bush, who is running for Cape Coral City Council, District 1. Bear
"It surprises me how many are moaning and groaning over the price of homes in Cape Coral. It was not that long ago... a couple years maybe, that residents were thrilled to see the value of their homes increase. The increase in values along with low interest rates, allowed many to refinance, pull equity from their homes and reinvest in other ways. It allowed our residents to make improvements to their existing homes, lower their payments or move up to a bigger, nicer home that better met their needs.
Now suddenly, many are longing for years gone by, where you could purchase a nice 3 bedroom, 2 bath pool home for under $100 thousand. Back then, the "good 'ole days" were not really so good.
When I bought my current home, about 10 years ago, it concerned me that if I ever needed to sell it, would I be able to find a buyer... and worse yet, would I have to take a loss in the sale after paying associated seller costs?
Obviously, with higher values, come higher taxes. That is unavoidable, but city council can help substantially, by lowering the millage rate. Although some on council brag they have consistently lowered the millage rate, these have been token decreases and were made possible, not because of more responsible spending practices, but rather by retirement of old city debt. Then, city council decided to take on an additional $100 million of new debt and once again put residents in a strangle-hold with more debt ($11 million of which is for one new municipal charter school).
But let's look at who is really to blame for higher home prices. It is not the city government. It is the real estate market... and bottom line... it is the home buyers. If they were not willing to pay these high prices, the prices would not go up. It all relates to supply and demand. And as our city grows, we need more services and infrastructure for our residents, which can be accomodated by closer monitoring of impact fees.
And it is not the place of city government to mandate developers build more lower cost housing. That would be interfering with our nation's free enterprise system, might be unconstitutional and may create an unfavorable business climate.
In today's Daily Breeze, one of my quotes was taken out of context when I discussed the difference between impact fees in Cape Coral vs. other Southwest Florida communities. I did not mean to infer that we should raise ours because others were higher. Certainly we should only have fees that are a true representation of the financial requirements for our municipal services. But at the same time, council should not be timid about raising impact fees for fear that we would lose new residents to other communities, thus making it more difficult for Cape Coral builders to sell their homes. We can have the best of both worlds.
I believe we need to use wisdom and common sense when determining our fees. We can still keep them lower than other communities, but we can raise them to adequately cover our costs, so that we don't have huge increases in our utility fees for expansion, like council just approved.
I do have a solution to what the city can do, to help make housing more affordable, and it has nothing to do with the actual cost of homes. The city can ensure that their employees are paid adequately for the work they perform. The city can also do more to encourage businesses to bring better paying jobs to Cape Coral.
We need to take a common sense approach to affordable housing. While we can't control the price of land and homes, we can make a tangible difference in wages paid in our area.
Another thing we can do is what many other cities do. The city can enforce rent control for apartments. I would have to study this more, to determine whether I would support rent control, but I just mention it as an option.
It's time we stop talking about what we can't do. We can't turn back the clock and we can't control the price of homes. But we can raise wages and we can bring in better paying jobs. And we need to be patient with the process.
Survival is about re-creating yourself to meet the changing times. And the one thing that will never change, is that things will always change.
Leelo-Dianne Bush
Candidate for Cape Coral City Council
District 1
