Housing affordability is a major concern for Tampa’s current and prospective residents.
The city is taking significant steps to address this issue by investing historic funding, totaling over $82 million, in long-term housing development and preservation, with the support of the Tampa Community Redevelopment Agency.
What You Need To Know
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- The city of Tampa is taking significant steps to address housing affordability by investing historic funding, totaling over $82 million, in long-term housing development and preservation, with the support of the Tampa Community Redevelopment Agency
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- Nearly 40% of Tampa residents spend more than 30% of their monthly gross income on housing expenses, causing housing cost burdens for them, according to the city of Tampa
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- The Tampa City Council has established five housing goals to achieve this, which include expanding temporary housing options, prioritizing seniors and individuals with disabilities, ensuring safe housing for low-income residents, leveraging city resources to fill funding gaps and stabilizing neighborhoods that are at risk of displacement
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