Affordable Housing Initiatives in South Florida???

By
Real Estate Agent with THE PODGURSKY GROUP @ Re/Max Direct

This is my first official post so I will proceed with more of a question than an article... more of food for debate!

I just closed an amazing loan for a client referred to me by a Realtor I have been helping get started.  It was a tough one with minimal income and ok but marginal credit.  I used a Neighborhood program and got him in with a great rate etc... it is a great first-time homebuyer/affordable housing story that I'm sure to tell many times over... it got me thinking about affordable housing and the people I've worked with.  I had one person making $30K a year driving a truck and no credit that wanted a $250K CBS 3/2 house of 1500sf + fence... the unit I just helped my client close on was a 2/2 850sf 1st floor condo and in a nice area!  That's a HUGE difference but a logical first step into homeownership.

The food for fodder is:

Who is ultimately responsible for bringing more "affordable" housing to Florida and Palm Beach County?  Builders? County/Municipal officials? Special Interest Groups?

Who decided that $300K is affordable?

Why was it decided that developers should carve out a few units in high end developments and charge bottom barrel prices for them just to satisfy a quota?

And the question that is likely to get me in trouble:

Why do affordable housing zealots require that developments MUST be CBS and SFH? I know hurricane safety plays a role but if the construction costs are that much higher, then it obviously will price out of the market.  I do NOT agree with the PBC Commissioner that said to a trailer park community that "Some people may not have the right to live in PBC if they can't afford it" (paraphrase) - I believe that PBC has to create affordability in areas that are feasible for commuting and supply better infrastructure to support them.  But why is a villa community or a townhouse community valued so much less? Why are workforce condos so hard to get passed yet they solve a need AND are typically more affordable to produce given density lowers per unit land cost?

I am originally from Louisville, KY  and the County and City (now merged) have done MIRACLES with affordable housing.  Sure land is MUCH cheaper there... but a lot of the land that is used is either held by the city/state or older homes torn down to replace with newer homes.  There are at least 15 builders that I know that do nothing else but affordable housing with city/state/federal grants to help people get in and homebuyer/owner programs sponsored by HUD.

I know there is no easy fix.. but perhaps the expectations of the administrators are currently too high and therefore the solutions are too convoluted... Other cities/counties/states have much better solutions even when land prices are so high.  Chicago has high land costs but they conquer it with density. 

Here are the three ideas I feel like exploring:

1) Easier adjustment of Height and Density restrictions per Zoning Commission
2) Lowering the bar on tolerances - keep things in code but affordable shouldn't mean CBS, SFH-detached in all circumstances
3) Incenting builders with cheap, outlying, county land to build smaller and tighter (I know it is hard to fathom that houses can get CLOSER... but I'm sure it can work somehow) and perhaps focussing on parks for an area rather than huge green-area restrictions per community.

"Discuss Amongst Yourselves" - Linda Richmond, aka Mike Myers, Coffee Talk

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Groups:
All Things Florida
Tags:
affordable housing
south florida
miami
palm beach
boca raton
broward
fort lauderdale
ft lauderdale
boynton beach

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainer
62,469
Nick M.
Certified Residential Appraiser- West Palm Beach Real Estate - West Palm Beach, FL
Realtor-Appraiser in West Palm-South Florida Real Estate Appraiser
South Florida Real Estate AppraiserHi David, Welcome to Active Rain. I your post before I step out. It deserves a better comment than this,.. sorry. Your points are well thought out and hit home, since I live in PBC also.  "Who decided that $300K is affordable?"<--You hit the nail square on the head!! We need to sit and talk sometime.. I like your view on afforable housing and the loans. Also would like to pick your brain about commercial sales. So rather than babble here, we'll get together sometime. see you around David.. great first post. You're going to do fine around here. welcome brother... welcome to your new addiction. :)
Feb 06, 2007 09:41 AM #1
Rainer
130,506
David A. Podgursky PA
THE PODGURSKY GROUP @ Re/Max Direct - Boynton Beach, FL
THE PODGURSKY GROUP - Make the Right Move!

Thanks Nick... perhaps we can get a good open forum started that may even lead to its own Blog that will get noticed by someone that can institute some change

 

Feb 06, 2007 01:37 PM #2
Rainer
62,469
Nick M.
Certified Residential Appraiser- West Palm Beach Real Estate - West Palm Beach, FL
Realtor-Appraiser in West Palm-South Florida Real Estate Appraiser

He Dave.. quite possible, but first I need you to either negotiate more hours in the day OR fatten our pockets with qualified buyers that are ready to go!! ;)  take care brother. see ya.

 

Feb 13, 2007 12:14 AM #3
Rainer
130,506
David A. Podgursky PA
THE PODGURSKY GROUP @ Re/Max Direct - Boynton Beach, FL
THE PODGURSKY GROUP - Make the Right Move!

Kenn Patterson, a Commercial Investment Analyst left a few comments... I appreciate the information, although there were some numerical errors... but one person's post is not the place for another to post advertisements or solicitations...

 

Apr 15, 2007 11:00 AM #4
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainer
130,506

David A. Podgursky PA

THE PODGURSKY GROUP - Make the Right Move!
Ready to Buy or Sell your home?
*
*
*
*
Spam prevention

Additional Information