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As rent and home prices continue to skyrocket, affordable housing in the Tampa Bay area is more of an oxymoron than it is a reality these days. That's why the City of Tampa is working to help more ...
Tampa's housing boom comes at a time when the average 30-year fixed mortgage rate has climbed above 5%. Mortgage rates began climbing after the Federal Reserve announced plans to raise interest ...
An AARP analysis shows Florida has the 9th most expensive utilities in the nation.. Tampa Bay's overall rate of inflation during the pandemic outpaced New York, San Francisco, and Honolulu. It's ...
The definition of affordable housing may change depending on the country and context. For example, in Australia, the National Affordable Housing Summit Group developed their definition of affordable housing as housing that is "...reasonably adequate in standard and location for lower or middle income households and does not cost so much that a household is unlikely to be able to meet other ...
Workforce housing is a term that is increasingly used by planners, government, and organizations concerned with housing policy or advocacy. It is gaining cachet with realtors, developers and lenders. Workforce housing can refer to any form of housing, including ownership of single or multi-family homes, as well as occupation of rental units.
The report's key figure, the "Housing Wage," reveals the hourly earnings necessary for full-time workers to afford fair market rental homes without exceeding 30% of their incomes. Nationally, the 2023 Housing Wage is $28.58 per hour for a modest two-bedroom home and $23.67 per hour for a one-bedroom home.
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