Discover how Hialeah is responding to the affordable housing crisis by making concessions in building more affordable apartments. Learn about the government's efforts and Taves Capital Group LLC's proposals to alleviate the city's housing shortage.

Hialeah seeks to mitigate the affordable housing crisis with a quota for more affordable apartments

In the midst of the vertiginous growth of buildings in east Hialeah, the city faces a pressing situation: the affordable housing crisis. Historically known for being a working-class and affordable city, Hialeah is at a critical point where the cost of living in a one-bedroom apartment exceeds $2,200 or $2,300 a month, a significant change from the past .

Councilman Jesús Tundidor, in the last session of the municipal council on August 22, pointed out: the urgent need to address the problem. According to data from the county's Affordable Housing Assessment, Hialeah faces a gap of about 12,796 rental units and 6,614 owner units for households with incomes from "extremely low" up to "moderate workforce." Tundidor stressed The importance of building more units to alleviate the situation, since people residing in the city currently cannot afford these high prices.

At this juncture, the company Taves Capital Group LLC presents itself with concrete proposals to contribute to the mitigation of the crisis. Its rezoning project on a 4.66-acre parcel on 29th Street east of 9th Avenue seeks to erect an eight-story building with 580 residential units, including 2,000 feet of retail. This initiative is added to another similar project by the same company, approved in April, which will build 613 units in an eight-story structure on 28th Street east of 9th Avenue.

The challenge is to find a balance between urban growth and housing accessibility for Hialeah residents. While the new units could attract young professionals from areas like Downtown or Brickell due to their lower cost compared to other neighborhoods, it is vital to ensure that the residents themselves are not excluded due to increases in rent.

Given this panorama, Councilor Tundidor urged The company was encouraged to consider ways to contribute to the mitigation of the crisis. Taves Capital Group LLC proposed dedicating 5% of the planned units, or 29 units, as workforce housing. These homes would be intended for people with annual incomes between $41,000 and $95,000, but the question arises as to whether this measure will be effective. enough to address the growing demand for affordable housing.

The path to a comprehensive solution involves a collaborative approach between the private and public sectors. Councilor Tundidor alluded to to the need to adopt measures similar to those of the county government to promote affordable housing. Planning and Zoning Director Deborah Storch also joined. to this call, recognizing the urgency of resolving the situation.

In conclusion, Hialeah is at an inflection point where the construction boom is intertwined with the prevailing need for affordable housing. The city and the companies involved must collaborate to find solutions that allow for sustainable and equitable development, ensuring that both current and future residents can access housing that suits their needs and economic resources.