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• The nonprofit Central Florida Foundation is forming a trust to raise money for affordable housing. The foundation announced today that it will partner with local banks, small businesses and philanthropic groups.
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• Orange County Mayor Jerry Demings’ “Housing For All” affordable housing task force has released its preliminary recommendations ahead of its November 15th final report to the Orange County Commission. Economic analyst Hank Fishkind tells 90.7’s Nicole Darden Creston he thinks the task force proposals are focusing on the right thing to help increase affordable housing availability in Central Florida – increasing supply.
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• Housing affordability is becoming an increasing problem across the nation and particularly here in Central Florida. Economic analyst Dr. Hank Fishkind notes how odd this is, given that the country is enjoying the longest economic expansion in U.S. history with very low interest rates and strong gains in employment.
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• As the Orlando area’s housing shortage persists, college students are particularly impacted by limited living options. Sean Snaith, director of UCF’s Institute for Economic Forecasting, joins Intersection.
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• Orlando’s affordable housing crisis has just imploded, in case you were wondering. Last year a 2018 report ranked the Orlando-Kissimmee-Sanford area second in the country for having the most severe affordable housing shortage, offering only 17 available and affordable units for every 100 extremely low-income renters. It is now worse. The Orlando metro area currently has only 13 affordable and available units for every 100 extremely low-income households, making it the most severe affordable housing shortage in the country, according to a report from the National Low Income Housing Coalition. The report also found that Florida ranks first among states where low-income renter households are severely cost-burdened, with 80 percent of households spending half their income on rent or mortgage rather than food …
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• A recent report named the Orlando metro area as the worst place in the country for affordable housing, with many locals struggling to find homes and rentals within their budgets. Jodi Peña-Castaldi with Community Legal Services of Mid-Florida explains the impact of the affordable housing crisis.
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• The Orlando metro area is ranked worst in the US for housing affordability for people who make $24,600 per year or less. In part one of a two-part discussion on the topic, economic analyst Hank Fishkind explores the mismatch between wage rates and the cost of housing that’s available in the marketplace.
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