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coral propagation and restoration will identify opportunities for
infrastructure and workforce development, focusing on job creation
and retention, investment opportunities, and long-term funding
streams to keep coral propagation viable into the future. The strategic
plan will help project partners:
οƒ˜ Develop new or expand existing coral propagation infrastructure
οƒ˜ Create education pathways, workforce training, and employment
opportunities accessible by low-income residents
οƒ˜ Develop employment streams for talent acquisition and retention
of expert aquarists
οƒ˜ Identify and/or establish novel funding streams and revenue
sources
οƒ˜ Develop a strong network of research, business, and technology
partners to advance coral propagation and restoration
οƒ˜ Support local eco-tourism and marine-based businesses
Mote Marine Lab
Florida Aquarium
University of Miami
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Housing
Affordable housing, defined by U.S. HUD as housing on which the
occupant is paying no more than 30% of gross income, has far reaching
impacts on economic growth, opportunity, educational performance
and attainment, health, social mobility, and equity. Typically, housing
costs are the largest component of total household expenses for most
American families and households. The second largest spending costs
for the typical U.S. family is transportation.
In 2022, South Florida counties and municipalities face an elevated
affordable housing crisis. This crisis is carried on the backs of hardworking Florida families who face impossible household budget
choices like whether a rent payment should come before purchasing
groceries, medical care, or an electric bill.
Most policymakers, employers, and residents in southeast Florida are
familiar with the mounting pressure for affordable and workforce
housing in their communities. In addition to the limited amount of
land available for development in this region bordered by the Atlantic
Ocean to the east and the Everglades and wetlands in Miami-Dade and
Broward counties, and the Gulf of Mexico to the west in Monroe
County, the region is significantly impacted by the limited supply of
affordable housing and rising demand.
Contributing market factors include investors buying single family
homes for conversion to rentals, the conversion of affordable housing
to vacation rentals, that the region is a popular destination for second
homes, and increased demand from international and other inmigration to South Florida. Aging housing stock, low rental vacancy
rates, low affordable housing production, and low wages in the
predominant industry sectors Leisure & Hospitality, retail trade, and
health services impact housing availability and push housing costs up
for both renters and owners.
Due to limited availability, the high cost of land in the region makes it
prohibitive to build affordable housing without significant
government assistance in funding and higher density which is often
opposed by local governments and residents. Miami-Dade and
Broward counties are increasingly focused on the development of
incentives for increased Transit Oriented Development (TOD) to
develop additional affordable housing and reduce high combined
housing and transportation expenses burdening residents.
South Florida is known for its volatile housing market. In 2008 housing
prices were at an unseen peak before a major crash. Over the course of
a decade they rebounded, and today they are at all-time highs,
although recent interest hikes may foretell the decline of home prices
without making homes more affordable. Both rents and home
ownership costs have skyrocketed.
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