Transcript Affordable Housing Strategies & Tools

Affordable Housing
Implementation Strategy
Snapshot of Housing Affordability
in South Florida
• 34% of households in our region have a cost
burden
• 47% of renters in South Florida are unable to
afford the average fair market rent of $840 for a
two-bedroom unit
• Reduction in State’s Housing Trust Fund by
$126 million = Opportunity Cost of 8,800 Lost
Units and 19,600 Lost Employment
• Average income is not keeping pace with
average housing cost
Median Income vs. Median Housing Cost
1.90
1.90
Broward County
1.80
1.70
1.70
1.60
1.60
1.50
Index of Median
Housing Unit
Value (1990=1.00)
1.40
1.30
Index of Median
Household Income
(1989=1.00)
1.20
1.50
1.30
1.00
1.00
2002
Index of Median
Household Income
(1989=1.00)
1.20
1.10
2000
Index of Median
Housing Unit
Value (1990=1.00)
1.40
1.10
1990
Miami-Dade County
1.80
1990
2000
2002
Responsibility of the
Regional Planning Council
• Each local government must provide a housing
element in its Comprehensive Plan
• The housing element must be consistent with the
Strategic Regional Policy Plan for South Florida
• The Regional Planning Councils serve in an
advisory role to local governments
HOUSING GOAL for South Florida:
Ensure the availability and equitable distribution of
adequate, affordable housing for very low, low, and
moderate-income households within the Region.
Target:Reduce the cost burden in our region to less than
30% by 2010
- GOAL 4B, SRPP
Implementation Strategies
• Establish a regional numeric goal for
affordable housing
• Create a regional tracking system or
database
• Develop a barrier removal task force
• Pursue an incentive based Statewide
Fair-Share Model
Additional Resources
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Data Link
Available Funding Sources
Links to other Fed, State and local agencies
Visit:
http://www.sfrpc.com/housing/housing.htm