Latest news with #WishBook
Miami Herald
6 days ago
- General
- Miami Herald
Can you afford a home in Florida? Here's what to know
South Florida Can you afford a home in Florida? Here's what to know Florida's housing market is becoming more expensive and hard to access, especially in major cities like Miami. Living wage requirements keep rising, with singles in Miami-Dade needing $24.77 per hour just to cover basic costs. Many single mothers and working families find the math doesn't add up, especially with rent and childcare eating up incomes. Some new solutions are emerging, such as the Astoria on 9th community in Bradenton, which offers affordable housing options for seniors at rates well below local averages. While some county officials are taking action to expand housing and prevent displacement, many people across Florida still face tough economic choices when it comes to finding an affordable home. Marina C., 30, lives in a one-bedroom apartment in South Miami-Dade with her husband and four children. They struggle with high rent and low wages, leaving them with limited funds for essentials like furniture, a larger apartment, baby items, clothing, food and a computer for their children. Marina reflects on seeking a better life while caring for her two-month-old son, Anthony J., on Dec. 18, 2024, in a Miami Herald Wish Book story. By Carl Juste NO. 1: HOW MUCH DOES YOUR LIVING WAGE NEED TO BE TO MAKE IT IN MIAMI? HINT: IT'S GOING UP Here are 2025 Living Wage figures for Miami-Dade and Florida. | Published March 24, 2025 | Read Full Story by Howard Cohen El proceso de selección para entrar en la lista de espera de vivienda asequible en el condado Miami-Dade se extendió hasta el 11 de noviembre. By Pedro Portal NO. 2: COST OF LIVING IN MIAMI-DADE: SINGLE MOMS CAN'T AFFORD IT | OPINION The affordability crisis in Miami-Dade is dragging women down | Opinion | Published April 1, 2025 | Read Full Story by Anna Hochkammer Astoria on 9th, a senior affordable housing community, is open at 2244 Ninth Street West, shown here on May 7, 2025. By Tiffany Tompkins NO. 3: AFFORDABLE HOUSING FROM HEAT'S ALONZO MOURNING AND MIAMI FIRM OPENS IN FLORIDA A basketball legend is one of the collaborators behind the project. | Published May 8, 2025 | Read Full Story by Jason Dill 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.
Miami Herald
09-05-2025
- Business
- Miami Herald
Why is it so hard to afford a home in South Florida? See the challenges
South Florida Why is it so hard to afford a home in South Florida? See the challenges South Florida's housing market remains tough for many residents, despite new developments like Soleste Hollywood Blvd and renovations of iconic sites such as the Hollywood Bread Building. Although rents have started to drop in areas like Miami, the income needed to afford even basic apartments far exceeds what most people earn — with a nearly $38,000 gap between the income required and typical renter earnings. Programs from local banks, such as OneUnited's forgivable down payment loans, aim to bridge the ownership equity gap but only help eligible first-time buyers. Living wage requirements are climbing, with singles and families alike needing much more income each year just to cover essential costs in Miami-Dade. Affordable options like University Station and Sawyer's Walk are emerging, yet high-end developments dominate, highlighting the mismatch between new supply and the growing demand for reasonable housing. 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 4, 2024 | Read Full Story by Raisa Habersham OneUnited Bank in West Little River is working with first-time homebuyers to make homeownership a reality. By MATIAS J. OCNER NO. 2: 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 A view of a resurgent Northeast Second Avenue in the heart of Miami's Overtown neighborhood in April 2021, with the Plaza at the Lyric apartments at left and a Red Rooster restaurant in the background at right. By Pedro Portal NO. 3: RENTERS ARE PAYING LESS FOR APARTMENTS IN MIAMI, BUT THERE ARE ISSUES. SEE THE COSTS Here's a look at housing costs and ways to navigate the crisis. | Published March 14, 2025 | Read Full Story by Howard Cohen Marina C., 30, lives in a one-bedroom apartment in South Miami-Dade with her husband and four children. They struggle with high rent and low wages, leaving them with limited funds for essentials like furniture, a larger apartment, baby items, clothing, food and a computer for their children. Marina reflects on seeking a better life while caring for her two-month-old son, Anthony J., on Dec. 18, 2024, in a Miami Herald Wish Book story. By Carl Juste NO. 4: HOW MUCH DOES YOUR LIVING WAGE NEED TO BE TO MAKE IT IN MIAMI? HINT: IT'S GOING UP Here are 2025 Living Wage figures for Miami-Dade and Florida. | Published March 24, 2025 | Read Full Story by Howard Cohen 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.
Miami Herald
28-04-2025
- Business
- Miami Herald
Challenge and opportunity: 5 stories offer glimpse into Florida housing market
Real Estate News Challenge and opportunity: 5 stories offer glimpse into Florida housing market Florida's housing market is shifting amid uncertainty and new prospects. Miami-Dade's special assessment loan program offers condo owners 40-year, zero-interest loans, but rising demand is depleting funds. Some mobile home residents, like those in Sweetwater's Li'l Abner Mobile Home Park, are being forced out to make way for affordable housing, leaving them with little compensation and the loss of their investment. Affordable homebuyers face delays as nonprofits and county leaders dispute over land and contracts, causing families to wait years for promised homes. Meanwhile, the rising living wage needed in Miami and potential changes to construction costs due to federal tariffs and immigration policies add more challenges for residents trying to buy or keep a home. 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. Hamilton Dos Santos stands outside his mobile home angry and betrayed after purchasing his home in cash just a few months prior to receiving an eviction notice on Thursday, November 14, 2024, in Sweetwater, Florida. He holds the eviction notice in his hand which he found taped to his front door. The owner of Li'l Abner Mobile Home Park sold the land to a developer, forcing all residents to receive eviction notices due to the sale. NO. 1: HE EMPTIED HIS 401(K) TO BUY A MOBILE HOME. IT'S BEING RAZED TO BUILD AFFORDABLE HOUSING The closing of Li'l Abner Mobile Home Park continues a statewide trend of shuttering trailer parks to make way for development. | Published November 19, 2024 | Read Full Story by Max Klaver Sipiwe Anderson, a condo owner, looks at paperwork related to her special assessment on June 10, 2023 for her condo in Miami Beach. NO. 2: FACING A SPECIAL ASSESSMENT? MIAMI-DADE COUNTY OFFERS A $50K LOAN TO HELP CONDO OWNERS Many condo owners found relief in this county loan program. Money is tight for the future. | Published December 31, 2024 | Read Full Story by Rebecca San Juan Home closings could be delayed for many reasons, including HOA complications, money issues, lost documents, inspections, shortfalls, employment. NO. 3: READY TO BUY A NEW HOME? HURRY TO BEAT TRUMP POLICIES THAT COULD CHANGE HOUSING MARKET What to know about the impact. | Published March 18, 2025 | Read Full Story by LEW SICHELMAN Marina C., 30, lives in a one-bedroom apartment in South Miami-Dade with her husband and four children. They struggle with high rent and low wages, leaving them with limited funds for essentials like furniture, a larger apartment, baby items, clothing, food and a computer for their children. Marina reflects on seeking a better life while caring for her two-month-old son, Anthony J., on Dec. 18, 2024, in a Miami Herald Wish Book story. By Carl Juste NO. 4: HOW MUCH DOES YOUR LIVING WAGE NEED TO BE TO MAKE IT IN MIAMI? HINT: IT'S GOING UP Here are 2025 Living Wage figures for Miami-Dade and Florida. | Published March 24, 2025 | Read Full Story by Howard Cohen Angela Albury, expresses her frustration of waiting for 5 years for her house to be constructed, as she attended to a press conference held by the Neighbors and Neighbors Association (NANA), alongside the Circle of Brotherhood to address what they describe as ongoing attempts by Miami-Dade County Commissioner Keon Hardemon to hinder their work in the community and putting an affordable housing projects at risk in Liberty City, Miami, Florida. on Tuesday March 25, 2025. By Pedro Portal NO. 5: AFFORDABLE HOMES HANG IN THE BALANCE AS MIAMI-DADE COMMISSIONER, NONPROFITS SQUABBLE Black residents in Miami can't move into their homes. | Published March 26, 2025 | Read Full Story by Raisa Habersham Douglas Hanks 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.
