Affordable Housing Trust Fund Eyed For Hillsborough County

April 18, 2019. WJCT.ORG

Hillsborough County Commissioners Wednesday took a step toward creating its first dedicated source of money for affordable housing. It comes after other money has been repeatedly diverted from a state housing fund.

The move wouldn’t create a dedicated trust fund, which supporters had pushed for. But the vote does direct Hillsborough County to try to find $10 million in the upcoming budget, and every year after. It would help people who are being priced out of the area’s housing market to cover the cost.

Sarasota considering setting up affordable housing fund

April 17, 2019. Sarasota Herald-Tribune.

SARASOTA — The city is considering establishing an additional affordable housing fund requested by a community group championing efforts to address the shortage of workforce housing in the area.

The Sarasota City Commission earlier this week unanimously directed its staff to explore setting up a housing opportunity fund with a dedicated revenue source to help pay for affordable housing projects. The fund would be an addition to an already established trust fund the city dips into for such projects, supported by developer contributions, city administrators said at the board’s Monday meeting. The commission wants staff to research revenue streams that could be used to replenish the potential new fund on an annual basis and see how much the current fund garners to prevent duplication.

Nineteen Congregations come together to discuss the affordable housing crisis in Sarasota

March 25, 2019. WWSB ABC 7.

SARASOTA (WWSB) -How much of your income goes toward your rent or mortgage?

Experts say you should only spend a quarter of it. But, a new report says in Sarasota County, around 15,000 families pay more than half of their income on housing.

BCC approves resolution pledging Penny funds to affordable housing

March 11, 2019. Tampa Bay Newspapers.

CLEARWATER — Members of Faith and Action for Strength Together asked Pinellas County Commissioners for assurances that the next round of Penny for Pinellas funds would be spent on affordable housing as promised.

FAST, which is an organization made up of members of church congregations throughout the county, is concerned that future commissioners might not have the same mindset as the current ones about the importance of affordable housing.

Housing prices still unaffordable for most in Charleston region, burdening workforce

January 26, 2019. The Post and Courier.

Even as more people over the past year have called for action on the affordable housing shortage in the Charleston region, typical rents and home prices remain higher than what most workers can pay.

In late 2017, The Post and Courier analyzed local housing trends and salary data, revealing that much of the workforce couldn’t afford to live where they worked in the center of the region. As a result, teachers, police officers and hospitality workers were moving farther away into the edges of town for cheaper housing — adding more commuters to an already congested roads system.