Miami-Dade is one storm away from a housing catastrophe. Nearly 1M people are at risk.
Miami Herald, October 08, 2020, Rene Rodriguez and Yadira Lopez
As the tail end of one of the most active hurricane seasons in history nears, Miami-Dade County appears once again poised to emerge unscathed. The region dodged hurricanes and tropical storms that posed a potential threat to South Florida. But what will happen when our luck runs out?
Housing advocates have long feared that the city is one storm away from disaster; nearly a third of all housing structures in Miami-Dade County built before 1990 are at risk of wind damage, mold contamination and even complete devastation from a hurricane.
According to U.S. Census figures, nearly one million people could be left homeless in a worst-case scenario — the majority of them among the poorest of the county’s residents.
Full Article... PDF...
Broward County Total Home Sales Rise in August 2020
Miami Realtors, September 22, 2020, Chris Umpierre
Broward County total home sales surged in August 2020, according to the MIAMI Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) system.
Broward County total home sales jumped 6.7% year-over-year, from 2,895 to 3,089. Broward single-family home sales jumped 16.4% year-over-year, from 1,436 to 1,672. Broward existing condo transactions decreased 2.9% year-over-year, from 1,459 to 1,417.
Strong demand coupled with limited supply continue to drive price appreciation in Broward.
Broward County single-family home prices increased 12.5% year-over-year in August 2020, increasing from $369,750 to $416,000. Existing condo prices increased 13.2% year-over-year, from $176,540 to $199,900.
Fort Lauderdale Plans Crackdown On Homeless
Sun Sentinel, March 3, 2020, by Susannah Bryan
Ordinance aims to protect children. The city that’s made a series of missteps over the years in attempting to corral the homeless has come up with a new way to protect its youngest residents from seeing things that their parents might not want them to see. Homeless people would not be able to set up camp within 1,000 feet of a school or child care facility under a new law being considered by Fort Lauderdale. The ordinance, which is up for a commission vote Tuesday, defines camping as dwelling temporarily on a sidewalk, alley or other public space while eating, sleeping or storing personal possessions. The new law would not take effect until a final vote March 17.
Miami finally has a strategy to tackle its housing affordability crisis. Here's the plan.
Miami Herald, January 7, 2020, by Andres Viglucci and Rene Rodriguez
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.”
If it sounds ambitious, it is nonetheless necessary to solve an acute crisis that’s not just making it harder for Miamians to find housing they can afford, but also gentrifying character and people out of its neighborhoods. The crunch also acts as a drag on the local economy because residents can’t spend money on things other than housing, the plan’s authors say.