Plan to Make BTV Housing More Affordable, Available

Published 05/22 2014 04:57PM

Updated 05/22 2014 05:07PM

Mayor Miro Weinberger unveils strategy for downtown housing.
Mayor Miro Weinberger unveils strategy for downtown housing.
BURLINGTON - Mayor Miro Weinberger and leaders of social organizations across the city released a Downtown Housing Strategy Report Thursday.

Mayor Weinberger was quick to point out many of the flaws in Burlington's current housing structure.

He noted that young professionals have been moving out of the area while in other cities Burlington aspires to be like, young professionals have been moving downtown.

His team's research also found that the average Burlington household spends 44% of their income on housing/renting while in cities  like Austin, TX, Nashville, TN and Portland, OR the average is between 31-34%.

"That means that Burlingtonians on average are cumulatively spending millions and millions of dollars more on rent than they would be, I believe, if we had a fully functioning housing market," Mayor Weinberger said.

The first public meeting on the report is June 12 7:00 p.m. at City Hall.

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