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Changes could be coming to incentivize more affordable homes in Palm Beach County
On Thursday, Palm Beach County commissioners will vote on more changes to a mandatory workforce housing program that aim to promote the construction of for-sale units. Workforce housing is set aside for qualifying residents who make between $45,240 and $105,560 per year, or between 60 percent and 140 percent of the area median income. Click…
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A decade in the making, residents starting to buy from affordable housing stock
By Hannah Morse Posted May 31, 2019 at 2:07 PM Updated May 31, 2019 at 2:07 PM WEST PALM BEACH — A county program began in 2006 with the goal of providing workforce housing units in new residential developments, but only recently have qualified residents been able to purchase these units. Click Here to Read More…
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What are ‘granny flats’ and are they Broward’s next bargain homes?
By Larry Barszewski South Florida Sun Sentinel The answer to South Florida’s affordable-housing crisis could be right in your backyard or garage. What are ‘granny flats’ and are they Broward’s next bargain homes? READ MORE HERE…
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Gardens: Avenir can pay $10 million instead of including workforce housing
By Sarah Peters Posted at 6:09 PMUpdated at 6:30 PM Palm Beach Gardens will spend $5 million on a workforce housing program and $5 million on renovating the Burns Road Recreation Center. PALM BEACH GARDENS — The Avenir builders will pay the city $10 million for a pass on the commitment to include 250 homes priced for working-class families. It’s…
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Jupiter officials: Apartment still failing to comply with affordable housing rule
By Charles Elmore Posted Oct 29, 2018 at 4:05 PM Updated Nov 2, 2018 at 8:57 PM JUPITER – Builders in Palm Beach County increasingly promise affordable “workforce housing” for teachers, police and other employees to get projects approved or building limits eased. But Jupiter’s first extended whirl with the concept has produced continuing clashes over how to set rents, with town officials maintaining residents have…
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Heavy Housing Burden
Source: Abodo.com Renters always get the same advice: Don’t spend more than 30% of your income on housing. That’s not just an anecdotal recommendation. According to the Department of Housing and Urban Development, households that spend more than 30% of their income on rent are “housing-cost burdened.” And the heavier that burden gets, the more…
