Hot on the heels of the news that a new company had been formed to build work-force housing in Miami and Little Havana, a proposed law requiring developers to provide lower cost housing has come under fire by those owning homes in Miami-Dade County and community councils who fear that if the law passes, it will have a negative effect on property values.
The proposed law would require developers of most new projects built in Miami-Dade’s unincorporated areas to earmark a certain percentage of units below market price so lower income buyers could afford them.
The proposal would also include a workforce board, made up of three community council members, as well as developers, banking professionals and affordable housing advocates appointed by the county commission.
Miami-Dade community council members are concerned that the workforce board would take zoning issues out of local hands, while homeowners fear that unchecked development that might result from the law would impact negatively on their Miami-Dade real estate.
The Workforce Housing Ordinance hearing takes place this morning at the Stephen P. Clark Center in downtown Miami.
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