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CMAP presents Housing Readiness plan to McHenry County, cites sharp price gains and limited starter homes
Summary
CMAP told McHenry County commissioners that rising home prices, sharply reduced listings and decades of low new construction have created a shortage of attainable homes; the agency offered a six-strategy Housing Readiness Plan and a 10-action checklist for municipalities and the county.
CMAP project manager Leese Ghubri told the McHenry County Public Health and Community Services committee on April 2 that CMAP’s year‑long Housing Readiness Initiative analyzed county housing supply, affordability and barriers to development and produced an action‑oriented plan for municipalities and the county.
"My name is Leese Ghubri. I—ve had the great privilege of being the project manager on the CMAP side for the last year," Ghubri said, introducing colleagues Michaela and Lilly and describing a plan and checklist intended to "remove barriers to housing development."
Michaela summarized key market findings from the study, citing Heartland Realtors data: "we found ... an almost 50% increase in home prices in the last 5 years," and…
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