Miami-Dade County’s first budget that would spend $10 billion in a single fiscal year has $40 million in new money for housing relief.
Mayor Daniella Levine Cava’s spending plan was devised to exclude investors whose aggressive real estate buying has driven up real estate prices, the Miami Herald reports.
Features of the plan would:
• Incentivize landlords to charge affordable rents as county guidelines define. They would get $2,000 for every unit rented at less than $3,000 a month to a family of four earning less than $137,000.
• Pay subsidies for construction of affordable housing.
• Expand eligibility for COVID-19 rent relief.
– Anne Geggis, Florida Politics