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Monday, May 23, 2005

Affordable-housing ordinance to increase property values

Doesn't sound right, does it? Aren't affordable-housing initiative supposed to keep property values in check? That's the idea, but proponents of such plans rarely ever look past the initial plans.

The county I live in, DeKalb County Georgia, is proposing an "inclusionary zoning" plan that will require all developers to build low-income housing if their development is over 30 homes. From a selfish perspective, I suppose I should applaud such a measure, as it pretty much guarentees that my property value is going to skyrocket.

However, I do not want to force low-income families out of the county so I will be opposing this measure.

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