How to rent in the South Florida Keys
— For the first time in a decade, the South Coast is getting a real estate buzz, with an uptick in new apartments and condominiums in the region.
But many are not ready to make the jump.
The Miami-Dade County Housing Authority is predicting there will be no new apartment or condo construction in the state by the end of the year, and it expects to lose $2 billion in revenue by 2020.
A shortage of housing for seniors, new homes for the unemployed and families are some of the factors holding back developers from bringing more units to the region, said Jennifer Jones, the agency’s vice president of planning and development.
She says the new development boom is expected to be even more dramatic as the federal government and state and local governments continue to fund the housing crisis.
Housing advocates, though, say more development is needed to meet the growing demand for affordable housing and make the region more attractive to prospective buyers.
That is especially true of older families, which is a concern for Miami-based RIBVA, which rents apartments to seniors and those with disabilities.
A housing shortage is one of the biggest reasons the housing market in Florida is so volatile, said Richard Gere, RIBVM’s senior vice president.
“There’s no shortage of units to go around,” he said.
“But there’s also an imbalance of people who are living in the older population and those who are not.”
Housing affordability, too, is an issue, and Jones says more people need to get into the market.
But, she added, the region is “a little too hot right now” and “a lot of the properties are just too far away from the coast, and they’re not as appealing.”RIBVA’s Jones says the housing shortage will not necessarily be addressed by developers, but the agency is working to address it.
It has already purchased several properties in the area, she said, and will continue to look for more.
Jones said the agency has also begun to address issues that are preventing new housing.
The agency has bought four units in the Riverwalk, which sits on a former oil field site, and is building a new, $500,000 apartment complex on the site.
And, it is looking to purchase a building on West Park Drive, which will include two luxury units and two affordable housing units.
But there are many more questions to be answered.
The state is still negotiating with local governments and is still working to finalize an agreement with the U.S. Department of Housing and Urban Development to fund a $50 million grant program to address the housing affordability crisis.
The department said last week that it is considering whether to extend the program for another year.
The federal government has been pushing for a broader, national housing plan, but it remains unclear how much the state and federal governments will agree to provide.
Gere said that the state has received $8.5 million from the state to help cover the cost of building new homes, and he expects to spend another $2 million in the next few months.
Geraldine Rios, the director of RIBRA, said the government will likely provide $3.5 to $4 million per year to the agency for the next 10 years.
“It’s very early days in terms of funding, but we are working very hard to get the program going,” she said.
Rios added that the agency wants to make sure that it has a program to deal with the problem of long-term homelessness in the future.
She said RIBRVA will continue working with local agencies to find ways to address housing affordability issues.RIVERSIDE, Fla.- The region has experienced a lot of new housing developments over the last several years, but its housing shortage could be even worse, according to the RIBVAs RIBRIBVA, RBIBVA and RIBBIVA are among the areas where new developments have slowed.
The housing market has been particularly bad in Miami-Pembroke, the nation’s third-largest city, with just six new homes completed in the past six months, and only one condominium, in the new Trump Tower, on the South Beach.
The number of units that have been built in Miami rose slightly last year, but that rate of construction has declined significantly in recent years.
Gertz, the Miami-area housing consultant, said Miami-Area residents have not been able to find enough units to rent.
Riverside, a city of 6.2 million people, is the most populous in Florida, with more than 3 million residents.
But, the area has also experienced some of Florida’s worst housing crises, with at least one-third of the population homeless.
In 2006, then-President George W. Bush and other local leaders signed the first statewide initiative to address poverty, and then-Gov.
Jeb Bush, then a Republican, signed