Coeur d’Alene Press, January 16, 2021, Dear Californians Moving To Coeur d’Alene
It is no mystery that more and more people are moving to Coeur d’Alene, Idaho every day. In recent years the influx of out of state residents has increased significantly, especially from California. In fact 60% of all transplants originate from the Golden State.
Homestead exemption has proven an effective measure to preserve original homeowners as reported by Jesse Van Tol, CEO of National Community Reinvestment Coalition in his article “Yes, You Can Gentrify Neighborhoods Without Pushing Out Poor People” in The Washington Post:
“There are other ways to help people stay rooted in their communities: provide renters with the opportunity and financing to purchase their units; preserve and expand public housing; protect elderly and long-term residents from property tax increases; enforce building codes and offer easy options for renters to report bad landlords; negotiate payment plans with homeowners who have fallen behind on their property taxes; establish community benefits agreements with investors in large projects to ensure that local residents benefit from the investment; offer developers higher levels of density in return for funding more affordable housing units in their projects; establish a loan fund to help small business owners buy their buildings.”