The Broward County Commission took a step towards easing the housing affordability crisis as they approved a first-of-its-kind master plan that includes financial, legislative, and zoning solutions.
Broward is one of the least affordable places to live in the country. It’s something commissioners say has put the county’s economic competitiveness, resilience, and quality of life at stake.
The 10-year Housing Broward plan recommends cities allow programs like employer-assisted housing, accessory dwelling units or efficiencies, and affordable housing trust funds for each of the county’s 31 municipalities.
The money comes from unspent tax-increment financing from cities with an expiring Community Redevelopment Agency. The tax-increment financing money, or “TIF,” is public funds used to promote business activity and “eliminate blight” in those communities.
Read the whole article here.