Many Florida Families Spend Half or More of Their Total Income on Housing

Affordable housing has become a serious problem in recent years. Income disparity has grown considerably at a time when the Florida real estate market saw a significant appreciation in many areas. This means that housing costs more – but many residents have less income to pay for it. “Affordable housing” is a measure of income compared with housing costs.

According to Habitat For Humanity , one out of every six Florida families must spend half – or more – of their total income on housing. This means that a serious portion of Florida’s population does not have affordable housing. This, in turn, leads to trouble paying for utilities, groceries, and the medication that many families now require due to COVID-19.

There is no single answer to the problem of affordable housing in Florida. It is a systemic problem that requires analysis of income, property values, and the availability of subsidies from the government or private donors. There are many programs that have made good headway on these serious issues.

Unfortunately, many of them have faced funding cuts due to the pandemic, at the exact time when their services and research are most needed. Their work will be invaluable as the country tries to open up safely, return to normal, and fix some of the many problems that have been brought to light by the coronavirus pandemic. Until then, Florida families who are facing eviction or foreclosure should speak with an attorney as soon as possible about their options.

 
The experienced Oviedo and Casselberry eviction and foreclosure attorneys at Quattrochi, Torres, and Taormina work hard to help all Florida homeowners stay in their homes to stop the spread of COVID-19. Call 407.452.4918 or contact us online today to schedule your free consultation. We are here to answer all your housing questions.