Q3 2019 - Tampa Bay Land Market Overview

Q UA R T E R LY R E P O R T Q3 2019

THE BIG PICTURE Workforce and Low-Income Housing

The Sadowski act has been collecting doc stamps since 1993 specifically for workforce housing. Unfortunately, our state legislature uses these funds like their own piggy bank. It has been estimated that over two billion dollars, in the last 12 years, has been used for the state’s general fund and did not go to its intended use.

Please contact your legislators in Tallahassee and urge them to stop stealing from this fund. Click here to contact your legislators

Reuters, Business News, September 6, 2019 Negative Risk of a Housing Downtown To reinforce this, a recent Reuters article included the chart below, which shows Tampa having negative risk of a housing downturn!

CLICK HERE

TO VIEW THE FULL REPORT

Affordable Housing ToolKit, Florida Apartment Association and Apartment Association of Greater Orlando. This is an interesting study on the Florida multifamily market addressing market rate, affordable, and a combination of market rate and affordable products. Florida is experiencing an unprecedented housing shortage, which is causing affordability challenges across the state. The purpose of this document is to offer background information regarding the underlying causes of Florida’s housing affordability problem as it relates to apartments and to offer effective solutions designed to increase the supply of apartment homes and control the cost of multifamily housing for Floridians.

CLICK HERE

FOR FULL TOOLKIT

3