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Affordable Housing Plan Moves Forward

Written by  Wednesday, 23 March 2016 16:53
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PRESS RELEASE - At today's Tallahassee City Commission workshop, Commissioners directed staff to move forward with developing a comprehensive Affordable Housing Plan. This plan will be developed in conjunction with other public sector entities, private sector groups and citizens. Its purpose will be to provide broad, strategic direction to help the City prioritize existing resources, identify new partners and financing sources and establish benchmarks to monitor progress.

Additionally, staff will explore developing a plan for a tax rebate program for targeted areas, such as the Promise Zone, to encourage new investment and development.

"Access to safe, affordable housing is a City Commission priority and critical element when measuring the quality of life in a community," Commissioner Curtis Richardson said. "With the creation of a comprehensive plan, we can better identify opportunities and leverage resources to enhance affordable housing options for the residents of Tallahassee."

While the broader strategic plan is being developed, existing efforts for housing rehabilitation will be expanded in targeted areas, such as the Southside.

The general definition of affordable housing is based on a formula which assumes that a homeowner or tenant should not pay more than 30 percent of their income for housing costs, which includes rent/mortgage costs, insurance and utilities.

The City of Tallahassee has maintained an active program for many years focused on preserving and expanding the supply of affordable housing, working with a variety of community partners from both the private and public sector to meet the community's needs. The City's efforts have focused primarily on assisting in the rehabilitation, preservation and construction of affordable housing. These programs are funded by a variety of sources, including the federal and state governments.

The agenda from today's workshop can be viewed at http://www.boarddocs.com/fla/talgov/Board.nsf/Public.

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