Can't Afford To Live In Broward County? Here's A New Idea For More Housing, Lower Rents
South Florida Sun Sentinel, Nov 15, 2019, by Larry Barszewski
The land typically reserved for stores and offices along Broward’s busiest corridors also could be used for homes, boosting the opportunities for new housing across the region.
Under a new county proposal, developers no longer would have to get special permission to build apartments, condos or other residential dwellings on commercial and business properties along the county’s busiest roadways.
Instead, they would have to reserve a portion of those new homes for lower-income families or make significant contributions into a county trust fund that financially supports new affordable housing projects.
The proposal also could affect overall rents in the county by creating an expanding supply of market-rate housing. More...
Broward Moves To Expand Affordable Housing Supply by Amending Land-Use Plan
The Real Deal, Nov 06, 2019, by Mike Seemuth
Broward County gave initial approval to a land-use change that would encourage affordable housing construction on commercial sites near major roads.
County commissioners voted Tuesday to initiate the land-use change requiring that developments include a residental component with affordable units if located in high-traffic areas with "commerce" or "activity center" land-use designations.
The change allows developers to build as many as 19 market-rate residential units for each affordable one in such developments. The affordable units would be reserved for tenants with "very low" income (up to 50 percent of median household income in Broward County). More...
As Brightline Sparks Building Frenzy, Affordable Housing On The Way
South Florida Sun Sentinel, Nov 01, 2019, by David Lyons
Move over, developers. A nonprofit affordable housing group is looking for a piece of the Brightline real estate action.
The high-speed rail service is attracting a growing stream of out-of-town tourists, business travelers and local leisure visitors. And competition has intensified among South Florida developers who are snapping up properties near existing train stations and the sites of potential new ones, real estate experts say.
Now, the nonprofit, the South Florida Housing Link Collaborative, has obtained the financial punch to get in the game: The group recently received a three-year, $5 million investment pledge from JP Morgan Chase to help buy low-income properties along the Florida East Coast Railway line used by Brightline, and potentially, by the Tri-Rail commuter line. More...
Missing Middle Housing Forum
Florida Atlantic University's Center for Urban & Environmental Solutions will be hosting a 3 panel forum on November 21, starting at 3:00 PM. For more information or to register...
'One of the least affordable places to live.' Broward grapples with housing crisis
Miami Herald, Jul 14, 2019, by Rob Wile
South Florida's affordability problem has been building for years. Today, the region ranks as the least affordable metro in the country, thanks to skyrocketing rents and bargain-basement wages. More...
Out of Reach 2019 Highlights Affordable Housing Crisis in Florida
The National Low Income Housing Coalition (NLIHC) “is dedicated solely to achieving socially just public policy that assures people with the lowest incomes in the United States have affordable and decent homes.” They provide current information, formulate policy, and educate the public on housing needs and strategies for solutions. The NLIHC recently released its annual report, Out of Reach 2019, which marks the 30th anniversary of the publication. Some key findings include:
- In Broward County, workers earning minimum wage must work 80 hours or more to afford a one-bedroom rental home (fair market rent).
- In Florida, a full-time worker must earn an hourly wage of at least $22.86 to afford the fair market rent for a 2-bedroom rental home, without paying more than 30% of income. This equates to annual earnings of $47,542.
- The most expensive areas in Florida include the Fort Lauderdale, FL HUD metro FMR Area with a housing wage of $27.77 (for a 2-bedroom rental home).
Affordable Housing Needs Assessment Update
As part of its adopted Work Program, the Broward Housing Council sponsors and supports assessments of local and regional affordable housing needs and programs to identify needs, costs and trends and to develop potential pilot programs. In September 2018, the Broward County contracted with The Metro Center at Florida International University to update the Broward County Affordable Housing Needs Assessment (2014). The Broward Housing Council recommended forwarding the updated Needs Assessment to the Board of County Commissioners, who accepted it at their May 7, 2019 meeting. The report’s Key Findings indicate that 58% of renters are cost burdened and 87% of households cannot afford the median sales price of $350,000. Read the full report here.
BrowardNEXT 2.0 Adopted by County Commission
On March 28, 2019, the Board of County Commissioners adopted BrowardNEXT 2.0, the County’s updated Land Use and Comprehensive Plan. The County worked with community members and municipalities to ensure the plans reflect current and anticipated growth and priorities. These priorities address a wide range of issues including transportation, affordable housing, climate change and economic development. The new plan became effective May 11, 2019.
2019 Rental Market Study Released
The Florida Housing Finance Corporation (FHFC) recently released the 2019 Rental Market Study, an annual study prepared by the Shimberg Center for Housing Studies (University of Florida). A review of statewide trends shows that Broward and Miami-Dade Counties have highest number of low income, cost burdened households in the state (households earning up to 60% AMI and paying 40% or more of income on monthly rent). Between 2000-2017, Florida’s rental housing stock increased by 674,000 units; however, it lost about 44,000 units renting for $1,000 or less. The full report is available on the FHFC website.
Landlord Recruitment Initiative Underway
The Broward Housing Council’s Work Program addresses homelessness by supporting the Broward County Homeless Continuum of Care’s (CoC) programs and initiatives. The Homeless Initiative Partnership, who implements the CoC Board’s responsibilities, has announced the implementation of a new Landlord Recruitment Initiative. The program’s goal is to match Broward County landlords who have homes to rent, with individuals and families who are experiencing homelessness. Rent is guaranteed by local government, state and federally funded programs. More...The Broward Housing Council’s Work Program addresses homelessness by supporting the Broward County Homeless Continuum of Care’s (CoC) programs and initiatives. The Homeless Initiative Partnership, who implements the CoC Board’s responsibilities, has announced the implementation of a new Landlord Recruitment Initiative. The program’s goal is to match Broward County landlords who have homes to rent, with individuals and families who are experiencing homelessness. Rent is guaranteed by local government, state and federally funded programs. More...
Affordable Housing Toolkit for Counties Now Available
Although housing affordability is a shared priority nationwide, the available options to promote housing affordability vary between counties due to differences in jurisdiction and authority under state constitutions and statutes. On March 1, the National Association of Counties (NACo) released its Affordable Housing Toolkit for Counties which addresses housing affordability at the county level, including issues such as funding sources, zoning/land use, partnerships and advocacy. The toolkit is the culmination of a series of reports on housing affordability developed over the past year, and ties together resources, key takeaways and county examples from NACo's four previous reports. More…