The rising costs of living and housing, coupled with sluggish wage growth across Miami, are making home ownership unattainable for most low-and middle-income residents in Little Haiti, a recent housing analysis found.
In its December report, the Haitian American Community Development Coalition, or HACDC, found that when compared to the rest of the city, Little Haiti had higher rates of poverty, unemployment and a diminishing housing stock, the report found between 2000 and 2013.
The housing nonprofit’s market analysis reports that 26 percent of the homes in Little Haiti are owner occupied. And most residents who typically rent are tight on money to save. HACDC President Sam Diller said, while tourism and the service-industries, for example, were among the biggest in the city, the jobs typically don’t pay well.
via Report finds homeownership ‘unattainable’ for most residents in Little Haiti [Miami].