June 2017 Archives

NEWS ARTICLES

South Florida’s rental affordability crisis worst in the nation, Harvard report finds

June 18, 2017  |  Sun Sentinel

South Florida’s affordable rent crunch isn’t just bleak. It’s the worst in the country – again.

Nearly two of three renters in Palm Beach, Broward and Miami-Dade counties are devoting more than 30 percent of their incomes to housing costs, according to a report Friday from the Joint Center for Housing Studies at Harvard University.

The analysis also reveals that more than a third of renters in the region — 304,200 households — are “severely burdened,” spending more than half of their incomes on housing.
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