South Florida Experts Discuss Region’s Affordable Housing Problem | WLRN
By Maria Esquinca • Feb 26, 2020
South Florida experts on Tuesday discussed the region’s affordable housing problem during a conference held by the Urban Land Institute.
The panel was one of many during the three-day Housing Opportunity 2020 conference in Miami.
Low wages coupled with the high cost of living, lead to unaffordable housing. This is a problem in South Florida, which is the most cost-burdened metro in the region.
The government considers a household “cost-burdened” when more than 30 percent of a household’s income is spent on housing.