Connect with us

Headlines

Orange Co. housing plan includes trust fund, regulatory changes, preservation strategy

At issue: Orange County becoming a place many people cannot afford

An Orange County task force has unveiled its comprehensive plan to address the county’s affordable housing shortage with recommendations for a housing trust fund, a revolving loan fund, and sweeping changes in zoning and planning codes.

Orange County Mayor Jerry Demings and the cochairs of his Housing For All Task Force released their report Friday to address what Demings called a housing affordability crisis in a county that has a large low-wage population, an average home price of $290,000, and average apartment rent starting at $1,200 a month. He said 110,000 households in Orange County are “cost burdened.”

“We don’t have a housing crisis in Orange County. We have a housing affordability crisis,” Demings said.

The task force’s recommendations will be going to the Orange County Commission for consideration. Demings and the task force’s two cochairs, LIFT Orlando Chief Operating Officer Terry Prather and The Keewin Real Property Company owner Allan Keen, pledged it would be pursued. The task force began meeting in April.

“This is really just the beginning of the process,” Demings said.

FMA_stpeter_blog_305ad728x90

Among the recommendations:

— Removing regulatory barriers, through changes in zoning, land use plans, comprehensive plans, and archticture requirements, to allow for what Demings said would be “a different type of housing that has a lower price point.”

— Creation of a housing trust fund, spurred with a projected $160 million in local money over ten years, to create public-private partnerships to assist in the development of low-cost housing.

— A revolving loan fund, initially with $3.5 million in local money over ten years, to provide nonprofit developers with access to low-interest loans for affordable housing construction.

— Development of a strategy to protect and preserve existing affordable housing stock.

— Creation of target housing development incentives in areas close to transit and jobs.

— A county land bank of county-owned properties for housing development, with possible acquisition of land for future construction of affordable housing.

— Pursuit of state and local grants for affordable housing, including through aggressive lobbying for what Demings called “our fair share” from the Florida Sadowski Affordable Housing Trust Fund.

“This is not an issue that is unique to Orange County or Orlando. Every major metropolitan community across America is dealing with challenges of lack of housing that is affordable to their community,” Demings said.

Written By

Scott Powers is an Orlando-based political journalist with 30+ years’ experience, mostly at newspapers such as the Orlando Sentinel and the Columbus Dispatch. He covers local, state and federal politics and space news across much of Central Florida. His career earned numerous journalism awards for stories ranging from the Space Shuttle Columbia disaster to presidential elections to misplaced nuclear waste. He and his wife Connie have three grown children. Besides them, he’s into mystery and suspense books and movies, rock, blues, basketball, baseball, writing unpublished novels, and being amused. Email him at scott@floridapolitics.com.

Sign up for Sunburn

Receive our team's agenda-setting morning read of what's hot in Florida politics. Delivered straight to your inbox Monday through Friday.

Florida Politics is a statewide, new media platform covering campaigns, elections, government, policy, and lobbying in Florida. This platform and all of its content are owned by Extensive Enterprises Media.

Publisher: Peter Schorsch

Contributors & reporters: Phil Ammann, Renzo Downey, Rick Flagg, A.G. Gancarski, Joe Henderson, Janelle Irwin, Jacob Ogles, Scott Powers, Bob Sparks, Andrew Wilson.
Email: Peter@FloridaPolitics.com
Phone: (727) 642-3162
Address: 204 37th Avenue North #182
St. Petersburg, Florida 33704

Connect
Sign up for Sunburn

Receive our team's agenda-setting morning read of what's hot in Florida politics. Delivered straight to your inbox Monday through Friday.