Miami will start making developers provide affordable housing in some new towers
In what could be a substantial step forward in local efforts to stem a housing affordability crisis, the city of Miami appears ready to begin requiring developers of some new residential towers to set aside a percentage of units for residents with low incomes.
The “inclusionary zoning” measure, approved late Thursday by the City Commission on a preliminary 4-0 vote, is the first in Miami-Dade County to mandate inclusion of affordable housing in new private development projects. The new rules are set for a second and final commission vote in December.
The zoning will apply only in a limited area that sits east of Overtown and west of Northeast Second Avenue and the Arsht Center for the Performing Arts, within the Omni community redevelopment district.
Angel J. Suarez
Real Estate Agent
United Real Estate Advisors
Mobile: (305) 761-4626
Assistant: Mary Suarez
Mobile (305) 761-4648
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