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New Plan Seeks to Increase Affordable Housing in Miami
The City of Miami ordered a study about a year ago to help solve its housing affordability crisis, and that plan was released this week by the Jorge M. Perez Metropolitan Center at FIU.
Miami’s radical plan for affordable housing gets good marks at first public hearing
The Miami Affordable Housing Master Plan, a radical 10-year road map to address the housing affordability crisis of the 470,000 residents of the City of Miami, was finally unveiled on Wednesday to a mostly positive response.
Miami finally has a strategy to tackle its housing affordability crisis. Here’s the plan
If Miami’s political leaders are serious about solving the city’s growing affordability crisis, here’s what a sweeping new plan to be unveiled Wednesday says they need to do: Create a bank to finance affordable housing construction and renovations, streamline permitting and tweak zoning, then get small and mid-size developers churning out 3,200 units of housing every year for 10 years — a scale and pace that the plan’s authors call “unprecedented.”
Median Miami-Dade incomes climbed 4.6% in 2018. In Broward, they barely budged.
Ned Murray, director of the Jorge M. Pérez Metropolitan Center at Florida International University, said there is evidence of demographic shifts due to both in- and out-migration patterns that are contributing to the changes. Miami-Dade’s population growth appears to be slowing — but those who are moving in are proving wealthier.
South Florida spent $12.3 billion on rent in 2019 — but not because rents are rising
In Broward, the median sales price of single-family homes was up 2 percent to $362,000. Those prices have contributed to a swelling population of renters. According to a recent market study by Florida International University’s Metropolitan Center, Miami-Dade lost 56,584 owner households and gained 95,880 renter households from 2007 to 2017.
Unemployment in South Florida just hit a record low — but there’s more to the story
“So you can be employed, or describe yourself as fully employed — but unfortunately for many households, we’re talking holding two or even three jobs,” FIU’s Murray said. “So finding a job is not the problem, it’s the income, wages and ability to afford housing and the general cost of living. There, we still have a sizable gap.”
Will Allapattah Fall Victim to the Gentrification That Claimed Wynwood?
"Everybody wants to build in Miami, so it doesn't matter where — they're just looking for land," says Murray, associate director of Florida International University's Jorge M. Pérez Metropolitan Center. "These are the only areas left within the city limits, and they're relatively affordable from a developer's standpoint. So these are the areas they've been zeroing in on for the last year or so."
Developer Says New Single-Family Affordable Homes in Sistrunk are the First of Many
More than half of renters that are cost-burdened in Broward County spend more than 50 percent of their monthly income on rent alone, according to the Broward County Affordable Housing Needs Assessment. The report was compiled for the county this past summer by the Florida International University Metropolitan Center, using data from 2018.
Nonprofit Developer Seeks Affordable Housing Reform In Fort Lauderdale
The Metropolitan Center at Florida International University recently released an affordable housing needs assessment for Broward County that found Fort Lauderdale has more than 30,000 cost-burdened households, with 33% being owner-occupied and 59% being renter-occupied. The city also has the second highest foreclosure rate in Broward with 1 in every 1,281 homes in distress, according to the assessment.
At long last, affordable housing project breaks ground in South Miami
“The location of this project, built close to the downtown area, means residents are in close proximity to employment opportunities,” said Ned Murray, an associate director at the Jorge M. Pérez Metropolitan Center
