Created: Wed, 19 Mar 2014 06:16:00 CST
Updated: Thu, 20 Mar 2014 09:12:39 CST
More housing is needed in Grand island, that's according to a new housing study. 1,600 housing units need to be added over the next five years according to the study. Experts say the lack of housing is hurting businesses looking to attract employees.
The study is being paid for by the EDC, the CRA and the Nebraska Investment Finance Authority. It's found that there is a 2% vacancy rate for owner homes and a 3.5% vacancy rate for venture. Their goal isn't just to create more housing,
"To attract a person to come into work in one of their businesses, one of the biggest constraints that they have is I'd love to get started as soon as I can, but I can't find the right home for my family," said Randy Gard, President of the Grand Island Economic Development Corporation.
The Economic Development corporation will hold their annual meeting at the riverside golf club on April 3rd at 5:30. They will be rolling out the details of their $150,000 business development plan. The meeting is open to the public.