October 22, 2014

Heads Up

Tackling Affordability

Martha Brannigan | 1/1/2006
As soaring prices are putting the dream of homeownership beyond the reach of a growing segment, the Miami-Dade County Commission is considering an ordinance to begin tackling the problem. A proposal under consideration would require multiunit developers to provide some "workforce," or moderate income, housing in projects in unincorporated areas.

Workforce housing is defined as units targeted at people who make 65% to 140% of the county's median income of about $46,350.

Under the proposal, workforce housing would comprise 20% of residential units built in developments along non-transit corridors and 30% of those along transit corridors.

In some instances, developers could meet the requirement by building more "workforce" housing in another location.

Tags: Miami-Dade, Housing/Construction

Digital Access

DIRECT DIGITAL ACCESS
Add digital to your current subscription, purchase a single ditgital issue, or start a new subscription to Florida Trend.

TABLE OF CONTENTS
An overview of the features and articles in this month's issue of Florida Trend.

ACCESS THIS ISSUE »

Florida Business News

Florida Trend Video Pick

Gasoline Prices: Why Are They Going Down Now?
Gasoline Prices: Why Are They Going Down Now?

Gasoline prices in the U.S. are the lowest they've been in four years. Why?

Earlier Videos | Viewpoints@FloridaTrend

Ballot Box

Jeb Bush has said he'd accept tax increases as long as they are paired with federal spending cuts. This stance runs counter to conservatives who oppose tax hikes. Is Bush right?

  • Yes - raising taxes should be considered
  • No - there's enough money, need to manage it better

See Results

Ballot Box
Subscribe