FAA 2020 Report on Drivers of Multifamily Housing Costs and Affordability in Florida
FAA study identifies key factors that impact housing affordability
FAA study identifies key factors that impact housing affordability
Housing affordability has become a critical issue in Florida with significant implications for the state’s
economic competitiveness and resilience following the COVID-19 pandemic. The crisis has underscored the importance of access to stable, affordable housing as a public health necessity. At the same time, we know that housing affordability will remain a critical issue post-pandemic, as estimates project that Florida needs to build up to 48,000 new apartments each year to meet growing demand pre-pandemic. Housing that is affordable to all residents is critical to a thriving state economy that provides equitable access to opportunity. Florida’s multifamily development community is a key partner in providing housing to meet the state’s consistently growing demand.
The Florida Apartment Association (FAA) and HR&A Advisors, Inc. (HR&A) produced this report to identify
which factors impact housing affordability in Florida with a key focus on four metro areas: Jacksonville,
Miami, Orlando, and Tampa. Click the link below to read the report.
