09 Apr Miami-Dade says affordable housing isn’t what it used to be, wants to raise prices
Miami-Dade’s affordable-housing program provides loans and land for developers who agree to price caps and sales to buyers who earn below a threshold set by the county. The new $310,000 cap would apply to projects built with cash subsidies and would be lower for buyers who earn less.
“It expands opportunity,” said Clarence Brown, director of the county’s Community Development division. “It doesn’t limit opportunity.”
The county’s Housing Department recently backed off higher cap increases after meeting resistance from commissioners leery of raising prices on buyers. Improving access to affordable housing is already a campaign plank for the one commissioner running for mayor, Daniella Levine Cava, and has been a main issue for others planning a run to succeed Carlos Gimenez when he leaves office in 2020.READ MORE