Increasing Workforce Housing in Miami
Miami is at the center of the housing affordability crisis, ranking for the first time ever above San Francisco and New York, Miami recently became the least affordable housing market in the United States. Rising rates, record prices, insurance premiums and the unprecedent migration to Southeast Flo...
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| Format: | Thesis |
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Massachusetts Institute of Technology
2023
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| Online Access: | https://hdl.handle.net/1721.1/150284 |
| _version_ | 1811096578062024704 |
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| author | Weiss, Francis J. |
| author2 | Shen, Kairos |
| author_facet | Shen, Kairos Weiss, Francis J. |
| author_sort | Weiss, Francis J. |
| collection | MIT |
| description | Miami is at the center of the housing affordability crisis, ranking for the first time ever above San Francisco and New York, Miami recently became the least affordable housing market in the United States. Rising rates, record prices, insurance premiums and the unprecedent migration to Southeast Florida due to the pandemic exacerbated the housing costs on Miami’s households. Since the recent migration, over half of the households are now spending more than 30 percent of their income on housing. In this paper we investigate potential solutions through public policy, and private capital markets to help increase the supply of workforce housing, whilst producing a commercial rate of return. |
| first_indexed | 2024-09-23T16:45:55Z |
| format | Thesis |
| id | mit-1721.1/150284 |
| institution | Massachusetts Institute of Technology |
| last_indexed | 2024-09-23T16:45:55Z |
| publishDate | 2023 |
| publisher | Massachusetts Institute of Technology |
| record_format | dspace |
| spelling | mit-1721.1/1502842023-04-01T03:02:48Z Increasing Workforce Housing in Miami Weiss, Francis J. Shen, Kairos Massachusetts Institute of Technology. Center for Real Estate. Program in Real Estate Development. Miami is at the center of the housing affordability crisis, ranking for the first time ever above San Francisco and New York, Miami recently became the least affordable housing market in the United States. Rising rates, record prices, insurance premiums and the unprecedent migration to Southeast Florida due to the pandemic exacerbated the housing costs on Miami’s households. Since the recent migration, over half of the households are now spending more than 30 percent of their income on housing. In this paper we investigate potential solutions through public policy, and private capital markets to help increase the supply of workforce housing, whilst producing a commercial rate of return. S.M. 2023-03-31T14:45:03Z 2023-03-31T14:45:03Z 2023-02 2023-02-09T15:53:03.050Z Thesis https://hdl.handle.net/1721.1/150284 In Copyright - Educational Use Permitted Copyright retained by author(s) https://rightsstatements.org/page/InC-EDU/1.0/ application/pdf Massachusetts Institute of Technology |
| spellingShingle | Weiss, Francis J. Increasing Workforce Housing in Miami |
| title | Increasing Workforce Housing in Miami |
| title_full | Increasing Workforce Housing in Miami |
| title_fullStr | Increasing Workforce Housing in Miami |
| title_full_unstemmed | Increasing Workforce Housing in Miami |
| title_short | Increasing Workforce Housing in Miami |
| title_sort | increasing workforce housing in miami |
| url | https://hdl.handle.net/1721.1/150284 |
| work_keys_str_mv | AT weissfrancisj increasingworkforcehousinginmiami |