Hialeah Council approves affordable housing ordinance increasing density and establishing housing trust fund

In a significant move to address the affordable housing crisis in Hialeah, the City Council has approved a new ordinance aimed at increasing housing density while ensuring that a portion of new developments includes affordable units. This decision comes after months of collaboration with industry experts and community input, reflecting a tailored approach to the unique needs of Hialeah residents.

The ordinance allows developers to increase housing density from 70 units to 100 units per acre, provided that 15% of these units are rented at affordable rates, defined as 60% of the Area Median Income (AMI). For Hialeah, this translates to rents around $1,300 per month, which aligns with the community's needs. Additionally, the ordinance introduces parking exemptions for affordable units, further incentivizing developers to participate in the program.

A key feature of the ordinance is the establishment of a housing trust fund. Developers who opt not to include affordable units can pay a one-time fee of $30,000 into this fund, which will be used to support local rental assistance programs. This fund aims to provide flexible support to residents who are rent-burdened, meaning they spend more than 30% of their income on housing. The program is designed to act as a temporary safety net, allowing eligible residents to receive assistance for up to three years, with annual reapplication required.

Council members emphasized that this initiative is not intended to undermine the recently passed state law known as "Live Local," but rather to enhance it by addressing the specific needs of Hialeah. The ordinance is set to be evaluated after five years to assess its effectiveness and make necessary adjustments.

This proactive approach to affordable housing reflects the City Council's commitment to ensuring that Hialeah remains a vibrant and accessible community for all its residents. As the city moves forward with these changes, the hope is that they will lead to a more sustainable and inclusive housing landscape.