MIAMI – Living in South Florida comes at a value. High housing prices have compelled many individuals to discover new locations to dwell as a result of they cannot afford to purchase a house or pay for a rise in hire.
On Tuesday, US Department of Housing and Urban Development Marcia Fudge will make a number of stops within the Miami space to communicate in regards to the Biden administration’s efforts to improve the affordable housing provide and decrease prices. Fudge will probably be joined by Congresswoman Frederica S. Wilson, Congresswoman Sheila Cherfilus-McCormick, Miami-Dade Mayor Daniella Levine Cava, as properly as state and native officers.
Over the final 5 months, the Miami space has been one of many least affordable housing markets within the nation. According to realtyhop.com, the median value for a house in Miami reached $625,000 this month.
To assist fight the disaster, elected officers have been working with traders to carry more affordable housing to the world.
On Monday, Mayor Levine Cava attended the grand opening of a brand new housing growth in downtown Miami. It combines each workforce housing and affordable housing, one thing the mayor mentioned is required.
“This project is not only going to provide housing that people can afford, up to 80 percent of the area median income, but it’s catering to the workforce right here that works downtown,” mentioned Levine Cava.
The housing disaster is leaving many determined for assist. That’s why CBS News Miami needs to share your tales to present 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 electronic mail at [email protected]