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Falling home prices could change county's affordable housing rules.
Byline: Andy Reid
Sep. 30--Declining home values have Palm Beach County commissioners contemplating changing affordable housing rules imposed on developers during the real estate boom. Lowering the targeted price range and altering perks for developers who build reduced-price homes were among possibilities county commissioners discussed on Monday. County officials plan to meet with banking and builder representatives and then at a Jan. 27 meeting lay out options for the commission to update the program. The county's $164,000 to $304,000 price range was set in 2006, based on median home prices that hovered near $400,000. In August, the county's median price …
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