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Affordable Housing Implementation Strategy

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

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Affordable Housing Implementation Strategy

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  1. Affordable Housing Implementation Strategy

  2. 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

  3. Median Income vs. Median Housing Cost

  4. 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

  5. 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

  6. 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

  7. Additional Resources • Data Link • Available Funding Sources • Links to other Fed, State and local agencies • Visit: http://www.sfrpc.com/housing/housing.htm

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