Miami is in dire need of housing that's affordable. These new solutions could help.

“The crisis has spread up the income scale over the last five years, so it’s no longer just extremely low-income households,” said Annie Lord, executive director of Miami Homes For All, a non-profit housing advocacy group. “Now you have middle-class and even higher-income people in Miami-Dade who are also [spending more than a third of their monthly income on housing].“

The result, says Florida International University’s Metropolitan Center: a shortage of 134,295 homes, rented or owned, to meet the demand by Miami-Dade residents earning less than $40,000 — 80 percent of the county’s median household income of $49,930.

“A lot of people believe affordable housing means you have a free ride and you don’t have to work and the government and taxpayers are taking care of everything, but that couldn’t be further from the truth,” said Kenneth Naylor, chief operating officer of Atlantic | Pacific Communities, a national development firm...”

Miami Homes For All