Why affordable housing is such an issue in South Florida
This collection of stories examines the complexities of affordable housing issues in South Florida, focusing on rising costs, policies and trends.
In Miami, the situation has worsened with rising rents. Miami's condo market also grapples with a rise in buyouts for redevelopment. And many South Florida condos find themselves on a 'secret blacklist' affecting mortgage loans due to safety and financial issues.
Read the stories below.
North Bay Village, junto a la bahía y muy cerca de la playa de Miami Beach, recibe proyectos residenciales de lujo, que aumentan precios inmobilarios. Un programa de vivienda de la ciudad ayuda a los residentes y trabajadores esenciales a comprar condos, alquilar o pagar servicios públicos atrasados. By MATIAS J. OCNER
NO. 1: IS YOUR CONDO RIPE FOR A BUYOUT? SEVEN SIGNS THAT DEVELOPERS MIGHT TARGET YOUR BUILDING
The Miami Herald spoke with three real estate experts who weighed in on the telltale signs a condominium is ripe for redevelopment. | Published October 4, 2024 | Read Full Story by rsanjuan@miamiherald.comRebecca San Juan
Stephania Germain, 24, who is on a Section 8 housing voucher, poses inside her apartment that she lives in with her daughter on Thursday, Oct. 3, 2024, in Miami. Germain was raised in foster care and is doing the best she can for herself and her baby. She says that even with the voucher, with recent increases it makes paying rent tough. 'It just keeps going up and I don't get a break to save, and I need new baby clothes, ya know they grow out of them so fast,' said Germain. By Alie Skowronski
NO. 2: MIAMIANS ARE THE MOST RENT-BURDENED PEOPLE IN AMERICA — AND THEY'RE STRESSED ABOUT IT
New Census Bureau data shows that Miamians spend a larger chunk of their incomes on housing than residents in all other major American cities. | Published October 8, 2024 | Read Full Story by Max Klaver
Condos line the Intracoastal Waterway in Sunny Isles Beach. By MATIAS J. OCNER
NO. 3: HOW TO FIND IF YOUR FLORIDA CONDO IS ON SECRET BLACKLIST BLOCKING MORTGAGE LOANS
Fannie Mae, a federally chartered company that helps determine who qualifies for home mortgages, maintains a confidential database of condo buildings that it won't back for loans, typically because of maintenance, insurance or financial issues.The number of South Florida condos on the list has more than doubled since 2023, according to figures complied by a law firm that obtained the database from a source. | Published April 4, 2025 | Read Full Story by Andres Viglucci
The summary above was drafted with the help of AI tools and edited by journalists in our News division. All stories listed were reported, written and edited by McClatchy journalists.
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