Miami

Miami-Dade County Mayor Daniella Levine Cava addresses affordable housing, budget at town hall meeting

MIAMI LAKES –  Miami-Dade Mayor Daniella Levine Cava addressed a packed room in Miami Lakes Tuesday night to debate the county’s budget proposal and housing assist. 

“The price of housing has just skyrocketed, and it is really impossible for everyday, working people and families to afford to pay rent, or to maintain their mortgages, insurance, and the like,” she instructed CBS 4. “So, we’ve been able to put together a transformational program called HOMES.”

She mentioned the intention is to assist tenants, landlords and builders with objectives like restoring housing, and lowering the worth of hire.

According to the positioning Rent Cafe, in Miami-Dade, the typical hire for a 1-bedroom, 800-square-foot residence is $2,300. 

The Miami Association of Realtors says the median sale value of a house is $570,000. 

“For the last 13 years, we’ve had an interest rate of 2.5 percent, 3.5 percent, and those percentages were very low, so people have gotten accustomed to that,” mentioned Angelique Hibbert, with the Miami Association of Realtors. “Now, it’s a big shocker– 5.25%, 6%.”

She attended the meeting to be taught extra concerning the HOMES program and the breakdown of how that money was being spent. 

“I like the fact that, of the 85 million dollars proposed, 10 million of that is going toward assisting landlords to help stabilize rents,” she mentioned. 

A landlord at the meeting who mentioned she may gain advantage from that’s Lynda Harris. 

“We’re here to make it a win-win. We want quality tenants, just as much as they want quality units, said Harris. “Together, together with a accomplice just like the county, all of us could make this occur. We do not need to kick individuals out. We know you’ve gotten kids. We know that the price of residing goes up greater than your wage.” 

Nothing has been authorised but. The last county budget listening to will occur on September twentieth at 5 p.m.

The mayor additionally mentioned there are 14,000 models of affordable housing in improvement, with the purpose of one other 18,000 by 2023.

The housing disaster is leaving many determined for assist. That’s why CBS News Miami desires to share your tales to point out the disaster you are in or the way you navigated the system. We will spotlight these points and work to get solutions and options. Send us an e-mail at [email protected]   

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