Report: Miami and the State of Low- and Middle-Income Housing
The Urban Institute published a study on March 30, regarding the State of low-and middle-income housing in Miami and presented strategies to preserve and develop more affordable housing.
Some of the Key Findings from Urban Institute:
- Population and housing stock trends indicate that Miami-Dade County grew tremendously from 2000 to 2015, especially in the city of Miami. Miami’s downtown area has gone through rapid transformation, as have other neighborhoods, such as Edgewater and Wynwood. The following findings describe where Miami’s LMI families live and how their housing has changed:
- Opa-locka, as well as Miami neighborhoods Allapattah, Liberty City, Little Haiti, Little Havana,and Overtown, are areas where more than 8 in 10 households are very low income and low- to middle-income. These neighborhoods have high proportions of renters and below-average rent relative to the rest of the area. In these neighborhoods, creating and preserving affordable housing for LMI families remains feasible and much needed.
- Renter cost burdens have increased all over the county and city. In 2000, 27 percent of LMI renter households were cost burdened (i.e., spent more than 30 percent of their income on housing costs). By 2015, three-quarters of LMI renter households in Miami were cost burdened.
- In Coral Way, Downtown, Edgewater, and West Flagler, more than 8 in 10 LMI renters were cost burdened. The most dramatic shift may be in Wynwood, where just 15 percent of LMI renter households were cost burdened in 2000, which increased to 74 percent by 2015.
- Downtown, Edgewater, and Wynwood saw substantial development of new housing units, with new units dominating by 2015, in contrast to a majority pre-1980 stock in 2000. This reflects tremendous development in these areas, which is replacing older and previously affordable housing with newer and more expensive units, leaving less housing for LMI families.
- Allapattah, which is near Downtown, Edgewater, and Wynwood, may be on the precipice ofsignificant change and gentrification. The Miami arts community has extended beyond Wynwood, and land and buildings are being purchased to establish art galleries in Allapattah.
- Homeowners report being approached directly by real estate investors to purchase their homes, and area renters are concerned they may be at risk of displacement. Without prioritization from county or city leadership, Allapattah may be at risk of losing its Dominican community heritage, multi-generational LMI families, and affordable housing.
To read the full report and policy interventions Urban Institute