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Description: Public officials and business leaders have become increasingly concerned that the soaring costs of housing in Miami may dampen plans for urban revitalization. Many observers have noted that middle- and upper-income professionals can no longer afford housing in Southeast Florida.1 Moreover, in the aftermath of an unprecedented hurricane season which left many homeless or forced to live in substandard conditions, attention has been drawn to the fact that Miami’s housing market is not affordable for moderate and lower-income workers.2 Thus observers have come to recognize the need for affordable housing for an economically diverse range of workers and households.
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Date: February, 2006
Identifier: FIDC006741
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