July 2, 2022

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Miami-Dade Mayor Declares Funding for Emergency Housing Help as South Florida Housing Prices Rise – WSVN 7News | Miami Information, Climate, Sports activities

MIAMI (WSVN) – The housing market has skyrocketed in South Florida, the place landlords have raised their rents and for these in search of housing, they’ve discovered it troublesome.

A brand new examine launched in March by Florida Atlantic College discovered that within the South Florida area, which incorporates Miami-Dade, Broward and Palm Seaside counties, native rents have been up 30% from a yr in the past. one yr outdated.

“Over the previous yr, we’ve additionally develop into some of the inaccessible areas within the nation,” stated Miami-Dade Mayor Daniella Levine Cava. “The housing disaster in South Florida has develop into out of attain for a lot of. If we’re to proceed to develop and entice top quality expertise, we should handle the housing challenges our residents face.

On Friday, Levine Cava introduced there could be further funding for the Emergency Rental Help Program. $13 million might be added to this system to assist struggling residents.

“The South Florida housing disaster has gotten out of attain for a lot of,” Levine Cava stated.

“Miami’s lease is simply too excessive, Miami’s lease is simply too excessive!” stated a protester in March.

The rise in life in Miami has develop into a subject on which residents have made their voices heard, prompting the mayor to signal a invoice requiring landlords to present their tenants two months’ discover in the event that they take into account elevating the lease significantly. Many residents have seen their rents exceed their revenue.

These trying to purchase properties in its place have discovered it simply as troublesome. In line with on-line actual property firm Zillow, South Florida is among the prime main metropolitan areas with shortfalls within the variety of obtainable properties with a 61% hole.

Miami-Dade County Fee Chairman Jose “Pepe” Diaz additionally spoke on the problem of housing affordability.

“Tasks which have been ready for 2, three years, that’s now not acceptable,” Diaz stated. “The assistance the mayor has gotten and already exhibits the report that we lead the nation in assist. This can solely final for some time, so we have to do every little thing we will to ensure it’s a actuality and that this storm goes away.”

Moreover, Levine Cava stated she plans to satisfy with the mayors of Miami-Dade’s 34 municipalities to attempt to establish options throughout the county.

To use for the Miami-Dade Rental Help Program, click on right here.

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