Affordable Housing

Florida’s spiraling housing affordability crisis has sent protestors to the streets across the state.

The city's breakneck growth has created problems in the availability of affordable housing and overstressed infrastructure, Mayor Castor said in her State of the City address.

Money for the program came from $1.4 billion allocated to Florida by the U.S. Department of the Treasury last year.

There are many reasons why the supply of affordable homes is so low in the greater Tampa Bay area. A conference held in St. Petersburg Friday looked at ways to help ease that strain.

The board held a special meeting Tuesday on homelessness and workforce housing.

Online real estate data company Stessa reviewed statistics from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.

A recent study showed that Miami-Dade isn’t the only place in Florida where rents have skyrocketed. In the past year, rents in Fort Myers jumped more than 31%, they’re up 28% in Tampa and they rose more than 24% in Orlando.

Based on recommendations from community non-profits, the Sarasota County Commission has agreed to contribute $25 million in federal pandemic relief funds to create almost 700 new units of affordable housing.

She also said affordable housing and condo safety "are issues that are impacting people’s lives every day."

As the region sees explosive growth, rents and home prices continue to soar.

Residents said the city has been approving "too many luxury developments without requirements such as affordable and workforce housing components.”

Lower-income households or renters living inland would be the most impacted by sea level rise displacement, and they tend to be those with the least capacity to move and adapt, a FSU researcher said.