Commissioner Dennis C. Moss advocates for affordable housing financing in South Miami-Dade
On Thursday, July 19, 2012, Commissioner Dennis C. Moss attended the Florida ousing Rule Making Workshop in Coral Gables in order to speak out against the Florida Housing Finance Corporation's (FHFC) proposed designation of land south of SW 240th Street as a "Limited Development Area," meaning no development will be approved there for funding. The area, which encompasses a large portion of Commissioner Moss' district, would be excluded from any assistance to affordable housing projects through FHFC's tax credit Universal Cycle.
In an April letter to FHFC Chairman Len Tylka, Commissioner Moss wrote "the entire South Dade area is being excluded, redlined and discriminated against in this process." He also noted that past projects in South Miami-Dade that have been able to raise financing for affordable housing have an excellent occupancy record due to a strong demand in the area, as high as 96 percent in the proposed "Location A" designation by FHFC.
One of the reasons for the proposed designation is criterion that a project must be near a Metrorail transit corridor to receive financing, although Commissioner Moss argues that the South Dade Busway should qualify under this condition.
"Designating everything south of 240th Street as a 'Limited Development Area' is incredibly shortsighted," said Commissioner Moss. "Affordable housing is as much in demand there as in other areas of Miami-Dade. The FHFC should consider revising these policies in order to create a fair process during the 2013 Universal Cycle that will allow additional affordable housing to be built in South Miami-Dade."
For more information, please contact Commissioner Moss' office at 305-375-4832.