Take a look at 5 trends shaping affordable housing in South Florida
Real Estate News Take a look at 5 trends shaping affordable housing in South Florida
Solving the affordable housing crisis involves a focus on accessibility, cost and design.
Mixed-income developments, like a project offering 40% workforce housing near a prominent oceanfront site, aim to balance luxury and affordability by incorporating subsidies and public-private partnerships.
Forgivable loan programs, such as one launched by a Black-owned bank, enhance homeownership opportunities for underserved communities by reducing down payment barriers.
But challenges persist, as seen in disputes over funding for shelters.
Cities are turning to creative incentives, like tax abatements or targeted units for first responders, to meet rising demand and ease rent burdens.
Here's some of what's happening.
The summary above was drafted with the help of AI tools and edited by journalists in our News division. All stories below were reported, written and edited by McClatchy journalists.
Soleste Hollywood Blvd at 2001 Hollywood Blvd is pictured hovering among existing buildings on Sunday, Sept. 15, 2024, in Hollywood, Florida, as the city shores up its housing needs with development in its downtown area in an attempt to address the city's affordable housing needs. By Carl Juste
NO. 1: EVEN AS HOLLYWOOD BUILDS MORE APARTMENTS DOWNTOWN, AFFORDABILITY REMAINS A CONCERN
A look at what is coming and why it might not be enough to ease housing pressure | Published October 5, 2024 | Read Full Story by rhabersham@miamiherald.comRaisa Habersham
Miami Beach police officers talk with a homeless woman in Lummus Park in South Beach on Tuesday, June 25, 2013. By PATRICK FARRELL
NO. 2: AFTER SCRAPPING HOMELESS TAX VOTE, MIAMI BEACH IS GETTING A $10M BILL FROM MIAMI-DADE
Miami Beach halted the voting on a homeless tax, but the funding fight continues. | Published November 6, 2024 | Read Full Story by Douglas Hanks
Camillus House CEO Eddie Gloria, right, tours male communal wing as Camillus House provided a tour of their facilities and a ride-along of their outreach services on Monday, November 11, 2024, in Miami, Florida. Since October, 75% of the emergency shelter beds at Camillus House, one of Miami-Dade's largest shelters, have been unavailable. The homeless service provider is in ongoing disputes with Miami-Dade County and Miami city governments regarding the nightly cost of its emergency beds. By Carl Juste
NO. 3: AS MIAMI-DADE SCRAMBLES TO GET PEOPLE OFF THE STREETS, WHY IS ONE SHELTER REDUCING BEDS?
Camillus House more than halved the number of its emergency shelter beds for the homeless as a statewide camping ban takes effect. | Published November 29, 2024 | Read Full Story by Max Klaver Tess Riski
OneUnited Bank in West Little River is working with first-time homebuyers to make homeownership a reality. By MATIAS J. OCNER
NO. 4: SAVING FOR A DOWN PAYMENT IN MIAMI? A BLACK-OWNED BANK IS OFFERING FORGIVABLE LOANS
A new program offered by the Black-owned OneUnited Bank is offering certain first-time homeowners in Miami forgivable loans of up to $50,000. | Published January 27, 2025 | Read Full Story by Michael Butler
The Era, Affiliated Development's latest project, is currently under construction in Fort Lauderdale. The apartment building is meant to help address the area's lack of affordable workforce housing.
NO. 5: NEW FORT LAUDERDALE APARTMENT WILL OFFER 'LUXURY' AFFORDABLE HOUSING TO CITY'S WORKFORCE
The ongoing development efforts come as an affordable housing crisis continues embroiling South Florida, where residents are the most rent-burdened people in the country. | Published March 25, 2025 | Read Full Story by Amanda Rosa
This report was produced with the help of AI tools, which summarized previous stories reported and written by McClatchy journalists. It was edited by journalists in our News division.
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