By Mike Vogel | Florida Trend | 9/25/2020
… Affordable housing means different things — market rate vs. subsidized, for example — to different people. At a housing forum in February, Suzanne Cabrera, CEO of the Housing Leadership Council of Palm Beach County, remarked that a manufacturer paying starting engineers $85,000 a year had trouble recruiting local workers because housing costs are so high. “If you cannot recruit a rocket scientist in your county, you got a huge problem,” she said.
That said, affordable housing generally means houses or apartments for low-income workers — housekeepers, retail clerks, health aides and others. Orange County defines the affordable market as households making from 30% of area median income — or $26,000 — up to 120% of area median income ($83,000). Read Full Article