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Miami’s housing affordability crisis is dire. A new report reveals possible solutions

Miami’s housing affordability crisis is dire. A new report reveals possible solutions

The Connect Capital Miami Report released on Monday lays out specific ways in which local governments, residents and developers could work together to build or protect 12,000 affordable housing units within Miami-Dade. New survey shows that Miami’s moderate lodging emergency is so desperate, the city needs at any rate 50,000 units just to meet the current need.

Be that as it may, the Connect Capital Miami Report, which was discharged Monday, additionally uncovers a mix of apparatuses and assets that could help reduce the lack of lodging for cost-troubled inhabitants. As indicated by the report, 71 percent of family units in the City of Miami are tenants, and 61 percent of those are cost-troubled, which means they are paying in excess of 30 percent of their pay in lease.

 

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