Miami-Dade County Mayor Daniella Levine Cava addresses affordable housing, budget at town hall meeting

MIAMI LAKES –  Miami-Dade Mayor Daniella Levine Cava addressed a packed room in Miami Lakes Tuesday night to debate the county’s price range proposal and housing assist. 

“The worth of housing has simply skyrocketed, and it’s actually inconceivable for on a regular basis, working folks and households to afford to pay hire, or to keep up their mortgages, insurance coverage, and the like,” she informed CBS 4. “So, we have been in a position to put collectively a transformational program referred to as HOMES.”

She mentioned the intention is to assist tenants, landlords and builders with objectives like restoring housing, and lowering the value of hire.

In keeping with the positioning Lease Cafe, in Miami-Dade, the common hire for a 1-bedroom, 800-square-foot house is $2,300. 

The Miami Affiliation of Realtors says the median sale worth of a house is $570,000. 

“For the final 13 years, we have had an rate of interest of two.5 p.c, 3.5 p.c, and people percentages have been very low, so folks have gotten accustomed to that,” mentioned Angelique Hibbert, with the Miami Affiliation of Realtors. “Now, it is a huge shocker– 5.25%, 6%.”

She attended the assembly to study extra in regards to the HOMES program and the breakdown of how that cash was being spent. 

“I like the truth that, of the 85 million {dollars} proposed, 10 million of that’s going towards helping landlords to assist stabilize rents,” she mentioned. 

A landlord on the assembly who mentioned she may benefit from that’s Lynda Harris. 

“We’re right here to make it a win-win. We wish high quality tenants, simply as a lot as they need high quality items, mentioned Harris. “Collectively, together with a accomplice just like the county, all of us could make this occur. We do not need to kick folks out. We all know you may have kids. We all know that the price of dwelling goes up greater than your wage.” 

Nothing has been authorised but. The ultimate county price range listening to will occur on September twentieth at 5 p.m.

The mayor additionally mentioned there are 14,000 items of reasonably priced housing in improvement, with the aim of one other 18,000 by 2023.

The housing disaster is leaving many determined for assist. That is why CBS Information Miami desires to share your tales to indicate the disaster you are in or the way you navigated the system. We are going to spotlight these points and work to get solutions and options. Ship us an e-mail at housing@cbs.com.