affordable housing

courtsey of David Fine/Federal Reserve Bank of Atlanta

Raphael Bostic is not a familiar name.

That is unless you work deep inside the financial industry or operate inside academic circles researching the economy. Bostic is the president of the Federal Reserve Bank of Atlanta. His territory includes South Florida.

He says he worries a lot about economic mobility. He thinks all business owners should be concerned about paying their employees enough to afford a decent quality of life, and he's comfortable with the Fed's approach to slowly raise interest rates.

C.M. Guerrero / Miami Herald

Equity is a growing focus in South Florida, as communities try to address problems like high housing costs and a car-centered transportation system that excludes some public transit users.

A new organization is hoping to spur even more conversations about how to resolve some of those problems.

It’s called the Miami Urban Future Initiative and its goal is to bring together researchers, business leaders, officials and activists on critical equity issues that accompany South Florida's ongoing growth. 

Florida lawmakers want to stop their colleagues from spending money meant for affordable housing on other projects. The move comes after Hurricane Irma battered and destroyed Floridians’ homes.

Nancy Klingener / WLRN

The Keys already had an affordable housing problem, before Hurricane Irma. Then that storm destroyed thousands of homes and is already driving up rents. So some government agencies in the Keys are looking at going into the landlord business.

Carl Juste / Miami Herald

The next steps for the $400 million bond issue approved by city of Miami voters on Tuesday include developing criteria for selecting livability projects, officials championing the bond say.

"The city will not be purchasing any bonds until projects are actually not only decided but underway," said Jane Gilbert, Miami's chief resilience officer, adding that "underway" means shovels in the ground.

Vaguely Artistic / Flickr/Creative Commons

Early voting is underway in Miami, Miami Beach, Hialeah and Homestead.

Voters in Miami and Miami Beach are deciding the fate of borrowing and booze. Miami wants to borrow hundreds of millions of dollars for the environment and other items. Miami Beach will decide if there should be an earlier last call for alcohol on a stretch of Ocean Drive for outdoor bars.

MARK HEDDEN / MARKHEDDEN.COM

The Florida Roundup tackles a big backlog in immigration court, the housing squeeze in the Keys after Irma and how the storm may have helped sea life but hurt those making a living from the sea. 

This week's guests on The Florida Roundup with host Tom Hudson: 

Nancy Klingener / WLRN

Before Hurricane Irma, the Florida Keys had an acute shortage of affordable housing.

And the storm's most devastating impact was on the places that were most affordable — boats and mobile homes. 

Allison Light / WLRN

Housing advocates from the Miami Workers Center, the Miami-Dade branch of the  National Association for the Advancement of Colored People (NAACP) and other organizations gathered with residents outside of a new development in Overtown on Thursday morning to demand more affordable housing.

The protesters said the Mill Creek Modera Riverhouse being built on Northwest 11th Street represents the gentrification problem facing low-income communities.

Patrick Farrell / Miami Herald

Finding affordable housing in South Florida is challenging-- that’s no news to those who live here.

Saturday kicked off a national “week of action” to call on the federal government to increase the number of tax credits to affordable housing developers.

“The week of action will hopefully focus some attention on our nation’s affordable housing crisis,” said Matthew Rieger, is President and CEO of the Miami-based Housing Trust Group. “South Florida, it’s actually worse than [much of] the rest of the country. “

If you live in Miami and feel stressed because of the traffic and the high cost of living and your declining health, well take heart, this is a stressful place to live.

That's according to the personal finance website WalletHub.com. It just came out with its list of the 150 most and least stressful cities in the U.S. And the Magic City ain't so magic, at least when it comes to stress.

Emily Michot, The Miami Herald

Miami-Dade County officials are facing a tight deadline. A subpoena obtained by the Miami Herald shows that federal prosecutors are asking the county for records of all affordable housing projects funded through a $137 million bond program.

Wikimedia Commons

Palm Beach County is taking steps to combat South Florida's affordable housing problem. 

 

On Wednesday, county officials will host a six-hour summit at the Palm Beach County Convention Center to address what some are calling "a crisis," as low- and mid-range wage workers struggle to find an affordable place to live, according to the Palm Beach Post

On the south side of Dallas, Nena Eldridge lives in a sparse but spotless bungalow on a dusty lot. At $550 each month, her rent is just about the cheapest she could find in the city.

After an injury left her unable to work, the only income she receives is a $780 monthly disability check. So she has to make tough financial choices, like living without running water.

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