A narrower beach means less protection for homes and businesses along the coast. But a dispute over federal guidelines has delayed beach renourishment projects in Pinellas County.
For years, Pinellas County has been trying to work with the Army Corps of Engineers on renourishment projects. But a dispute over federal guidelines has delayed those plans. The federal agency is requiring property easements from beach community homeowners before taxpayer dollars are used to restore the beaches.
The county pays for the local share of the nourishment projects. For example: the federal share for the Treasure Island and St. Pete Beach Project is 65% and the local share is 35%.
Source: WUSF Public Media – WUSF 89.7
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The 30-Year Fixed-Rate Mortgage Decreases
Mortgage rates leveled off this week but remain elevated. Despite continued high rates, low inventory is keeping house prices steady. Recent volatility makes it difficult to forecast where rates will go next, but it might be easier to gauge as the Federal Reserve determines their next steps regarding interest rate hikes in September.
