In the News

Is Rent Out of Reach? Study Shows How 11 U.S. Cities Stack Up

Source: SunSentinel

Renters are on the rise in America's biggest cities, but many tenants are scrambling to keep up with growing rent bills and shrinking vacancies, according to a study released Thursday. From Boston to Miami, New York to Los Angeles, more than half of tenants are paying what experts consider unaffordable rents, says a report by New York University's Furman Center, which studies real estate and urban policy, and bank Capital One, which is a leading affordable-housing lender and financed the research. More...


Homeless Population Declines by 5% in Broward County

2,624 Homeless Identified in 2015 Count

Source: Broward County News Release

This year's Broward County Point-in-Time (PIT) Count, conducted over a three-day period on January 26-28, 2015 shows that the total number of sheltered and unsheltered persons experiencing homelessness in Broward County has decreased by 5.1%, from 2,766 to 2,624. The number of unsheltered persons also decreased by 5.7% from 879 to 829. Both figures are comparisons to the same count done in January 2014.  More...


Out of Reach 2015

Source: National Low Income Housing Coalition

The National Low Income Housing Coalition’s Out of Reach 2015 report reveals that the tightening rental market is making it increasingly difficult for low income renters to find decent, affordable apartments all across the country. The 2015 National Housing Wage is $19.35, meaning that someone working full-time, 40 hours a week, would need to earn $19.35 per hour in order to afford a modest two-bedroom rental unit while spending no more than 30% of household income on housing costs. In 13 states and the District of Columbia, the Housing Wage is more than $20 per hour. More...


Plan for Miami Low-Income Housing Unveiled

Source: Miami Herald

Advocates for Miamians who live paycheck-to-paycheck are unveiling on Thursday an ambitious program to build as many as 1,000 new affordable housing units designed to prevent families from falling into homelessness. The program, which is being spearheaded by the Miami Coalition for the Homeless, aims to raise millions of dollars in private investment to encourage area developers to set aside units for “extremely low income” residents — renters who earn the minimum wage, or only about 30 percent of the city’s median income. Persuading developers to build such housing is enormously difficult without government or private subsidies. More...


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