Found 2 blog entries tagged as Affordable Housing.

Live Local Act Florida Updates and What They Mean

The Live Local Act Florida, passed in 2023, is a state law aimed at increasing affordable and workforce housing by giving developers zoning and tax incentives. The law allows taller, denser buildings and faster approvals if developers set aside 40% of their rental units for households earning up to 120% of the area median income (AMI). In return, developers receive substantial property tax breaks and reduced parking and zoning restrictions.

Why the Live Local Act Florida Was Created?

Florida faces a long-running affordable housing crisis. Rents have soared, especially in cities like Miami, Fort Lauderdale, and West Palm Beach. Many essential workers, teachers, nurses, firefighters, fall into what’s called the "missing middle," earning too much to…

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Palm Beach County Launches $3 Million Initiative to Aid First-Time Homebuyers

Palm Beach County is taking a significant step to support aspiring homeowners by allocating approximately $3 million to assist first-time homebuyers. This initiative is a boon for local families looking to navigate the challenging real estate market.

The Palm Beach County Department of Housing and Economic Development is conducting the final orientation meeting for families interested in applying for the program, which offers up to $100,000 in home purchasing assistance. The response has been overwhelming, with about 1,000 local families already expressing interest.

In a county where the average home price hovers around $474,000, the financial challenges for first-time buyers are considerable. Typically, a first-time homebuyer might need to put down about…

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