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NB housing costs may mar an otherwise rosy economic outlook

An economic development strategist hired by the Greater New Braunfels Economic Development Foundation says the city’s housing affordability could become its Achilles heel in coming years when it comes to attracting and maintaining a quality workforce.

Sean Garretson, president of Pegasus Planning and Development, spoke at the foundation’s luncheon Tuesday at the McKenna Events Center to present the board with highlights on a 5-year economic plan. Garretson plans to present his full strategy proposal to the foundation board on Thursday.

“You can see right now folks looking for a two-bedroom apartment are paying more than the HUD fair market share,” Garretson said. “It’s challenging to find affordable housing here right now.”

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