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Broward Housing Council
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 December 14th, Meeting

AARLCC, Seminar Room 2
2650 Sistrunk Boulevard
Fort Lauderdale, FL 33311

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BROWARD HOUSING COUNCIL NEWS

 

Voters Approve Affordable Housing Trust Fund for Broward

Broward County voters overwhelming said “YES” to a local affordable housing trust fund on November 6, 2018. The issue was the third in a series of ballot questions put forward by the Broward County Charter Review Commission. Its passage by 72.8 percent demonstrates widespread community support for a local affordable housing trust fund that will be used to help alleviate the shortage of affordable housing in Broward County and address issues of homelessness. Any money that the County puts into this new fund can only be used for affordable housing, unlike funds placed in the state affordable housing trust fund, which have been historically been swept by the State Legislature to fund other initiatives. The Broward Housing Council’s 2018 work program called for an initiative to “Establish a dedicated source of funding (i.e. affordable housing trust fund) to support the creation and preservation of affordable housing.”

2016-2017 Annual Report Released

Source: Broward County Planning and Development Management Division

On August 14, the Board of County Commissioners accepted the Broward Housing Council’s 2016-17 Annual Report. The purpose of Annual Report is to provide a summary of the Broward Housing Council’s activities between October 1, 2016 and September 30, 2017. It is not intended to, and does not, highlight individual municipalities, housing authorities or county agency funding sources. More…

Broward Housing Council Sponsored October Workshop

The Broward Housing Council sponsored an affordable housing workshop at Tree Tops Park on October 26, 2018.

“Stakeholders, Strategies and Innovative Solutions for Affordable Housing” was a free, half-day event focusing on unique financial strategies to support affordable housing initiatives. Attendees and panelists included bankers, for-profit developers, federal regulators and affordable housing providers and advocates.

Participants engaged in facilitated breakout sessions addressing the topics of financing, land availability and predevelopment obstacles. A report of these findings and proposed action items will be presented to the Broward Housing Council at their December 14 meeting.

How Much Salary Do You Need to Afford a Median-Price Home in South Florida?

Source: Sun-Sentinel, August 20, 2018

Data issued by HSH.com®, a publisher of mortgage and consumer loan information, a potential home buyer in Broward County would need to earn about $78,337 a year to afford the median home sales price of $353,000. This represents a 31% increase over the past three years in both home sale prices and the purchaser’s earnings required to qualify for a mortgage. More…

New South Florida Apartments Surge Toward Completion: Could Rent Declines Be Far Behind?

Source: Sun-Sentinel, August 10, 2018

The results of a survey released by apartment search site, RENTCafe, project that that about 9,800 new apartment units will be opening in South Florida by the end of this year. However, the rent amounts in the Broward-Miami Dade-Palm Beach tri-county area are on the rise and these increases are expected to continue. More…

Broward Council Members

Position Council Member Member Category
Chair: Marcia Barry-Smith Community Representative​
Vice Chair: Councilmember Caryl Hattan Community Representative​
Member: W. Ajibola Balogun Broward League of Cities: City Manager of a city with less than 50,000 residents​
Member:​ Heather Brinkworth Broward County School Board​
Member:​ Ann Deibert Broward County Housing Authority​
Member:​ Howard Elfman The Realtors® Association of Greater Fort Lauderdale​
Member:​ Frances Esposito Chief Executive of a not-for-profit homeless organization​
Member: Commissioner Dale Holness Member of the Broward County Commission​
Member: ​ Christopher Krzemien Owner of a business that employs at least 50 employees​
Member:​ Barbara Mendez ​​​ Builders Association of South Florida​
Member:​ Gino Moro Florida Association of Mortgage Professionals, Broward Chapter​
Member:​ Drew Saito Banker
Member: Ralph Stone County Administrator designee​
Member: Teneshia Taylor Owner of a business that employs fewer than 50 employees​
Member: Lisa Vecchi Chief Executive of a not-for-profit housing organization​
Member: Vice Mayor Beverly Williams Officer, Broward League of Cities
Member: Vacant Broward League of Cities: City Manager of a city with more than 50,000 residents​
Member:​ Vacant​ Florida Atlantic University Center for Urban Redevelopment and Education​
Member: Vacant Recipient of Section 8 housing assistance or another housing program
Member Bylaws: Attendance Ordinance 2013-17 (PDF)

 Sadowski Housing Trust Fund

 Video highlights affordable housing issues and high costs in Broward County and the general issues that come with affordability costs.

 

 Link to video