Progress seen in closing Miami-Dade affordable housing gap
Written by Miami Today on May 2, 2018
Miami is rated the least affordable city in the nation to reside in, sparking what officials call an affordable housing crisis – a problem voiced frequently by local governments and residents for a decade, but with no concrete action. Slowly though, nonprofits, banks, universities and commissioners are acting on the issue and solutions are materializing.
A recent study showed that Miami has the highest housing cost burdens in the country, with Florida being the highest cost-burden state where renters pay more than 30% of their income to their landlords. In last decade, officials noted that Miami is always amongst the top five cities in the nation to have the highest cost burdens…To read the full story click here