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Inclusionary Zoning Passes First Reading, Would Give Density Bonus For Workforce Housing

Inclusionary Zoning Passes First Reading, Would Give Density Bonus For Workforce Housing

Developers would be given density bonuses for building residential units for mid and lower incomes under a newly approved zoning change.

Miami commissioners voted last week to approve the new rules.

The bonus only applies to an area west of the Arsht Center zoned T6-24B-O. Several properties in the area, including Melo Group’s Square Station and Art Plaza, have already been given similar bonuses in exchange for agreeing to offer apartments to tenants with specific income levels.

Three income levels will be considered: Workforce (60 to 140 percent of area median income), Affordable (Below 60 percent of AMI), and Extremely Low Income. Additional bonuses can be granted by devoting more space to Extremely Low Income.

Miami’s area median income is about $52,300 for a family in 2018.

 

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Anonymous
Anonymous

Developers could easily increase the amount of lower income units if they weren’t forced to met parking requirements and pay to reduce the amount of parking. Let the market sort this out.

Anonymous
Anonymous

I agree. They should be given parking maximums not minimums with special exemptions for more parking.

Anonymous
Anonymous

Careful what you wish for.. the “market” wants MORE parking.. residents hate dealing with guest parking issues or getting their cars towed on the street.

Anonymous
Anonymous

Some people may down vote you but you’re exactly correct.

Market Urbanist
Market Urbanist

Poorly thought out response. Developers aren’t subject to caps on the number of parking spaces they can build. To the contrary, developers often request parking waivers to reduce the minimum required parking by as much as 30%

Anonymous
Anonymous

Parking is no free, so if you want to pay an extra $50,000 for a spot, that’s your choice. That’s what a spot costs to build in a garage.

Anonymous
Anonymous

Not if your low-income and can’t afford a car anyways.

Anonymous
Anonymous

The market wants more until developers tell everyone they have to PAY for 3 spots.

Anonymous
Anonymous

Statement doesn’t make sense. Developers aren’t subject to parking caps. If what you said were valid, your scenario would have happened already.

Anonymous
Anonymous

Depends on the resident.
If you removed minimum parking requirements and minimum unit size more cheap apartments would be built.
Most downtown people who make more than 140% of AMI would demand more parking, true. Those people do not need help.

People under 60% of AMI dont need two parking spaces and a 650sq ft apartment.
Having been poor, I can tell you, that having your own place, no matter how small, is empowering.
An apartment close to a job, clean, safe, and cost effective is what you need for this period in one’s life.

Sadly, zoning laws that set minimums hurt the Free Market, and they hurt the people who most need help.

Jesus
Jesus

The market will sort this out? Sure. The invisible hand always works! I mean, look at 2008 and 2009! That was the best economy ever thanks to the invisible hand! The markets are irrational. Who can afford these prices right now? There will eventually be a crash because of the greed of these folks. If you say otherwise, invest in real estate now. Just don’t ask for the government to help.

Anonymous
Anonymous

What you said, “The markets are irrational” and “Just don’t ask for the government to help,” doesn’t make sense.

Anonymous
Anonymous

The government lowered the standards for people who should of never owned a home to buy a home so the government caused the crash. Let the market be free.

Anonymous
Anonymous

Free Market banks issuing Prime Mortgages caused crash

Anonymous
Anonymous

Subprime

Anonymous
Anonymous

The gov’ did not cause the crash. it was investor demand for mortgage backed securities (MBS) that caused the crash. With more demand for MBS the more relaxed the guidelines for loans to subprime, and that my friends is how you get a real estate bubble.

This video explains it very well and easy to understand. Highly recommend you watch it.

https://www.youtube.com/watch?v=bx_LWm6_6tA

Anonymous
Anonymous

Mostly CMBS (commercial) but yes, it was deregulation of proprietary trading (high-risk hedging, short selling and naked shorting) that allowed for subprime mortgages to devalue large swaths of “diversified” portfolios that caused the financial crisis. If we want to blame the government, it was from W Bush deregulating these practices that created a big appetite from lenders, brokers, and developers. Add to that the naivete of the American people to think a “cheap” (or really their ability to get a loan w/ crappy credit) loan/mortgage wasn’t too good to be true (economics 101: there’s no such thing as a free lunch. Inclusionary zoning is not going to kill the neighborhood or the market. Most of this area was already being developed at true market rate by Melo unlike the rest of downtown (a 1bed in Melo props around $1600 vs a 1bed in most other downtown developments setting you back at $1800-$2100). This area is the perfect spot to test inclusionary zoning. There’s no major amenities (except for Arsht) or schools or restaurants, etc. that make this an area the ultra wealthy would want to live. Folks who think they’re better than the “demographic” of affordable housing wewren’t ever going… Read more »

Anonymous
Anonymous

Overall….good video. At the lightbulb moment, they fail mention how Gov’t policy and the CRA effected the drive to make NINJa loans, etc.
What happened was FAR from a Free Market construct.

https://youtu.be/i8grxXf2WLQ

Anonymous
Anonymous

The banking crisis of 2008 was not a result of a Free Market. Study the CRA. You will find that the Gov’t REQUIRED banks to make loans to people they would otherwise find too risky to make loans.
Banks aren’t stupid. If REQUIRED to make risky loans, they will find a way to get them off the books before they explode.

Gov’t should not REQUIRE banks to loan to anyone. The Gov’t. Should not REQUIRE developers to build sizes the Gov’t thinks is suitable.

Anonymous
Anonymous

A&E District is about to blow up with Canvas, 4 Melo building, J. Milton & Associates, N.R. Investments, building up the area.

Inclusionary Zoning is good idea.. gives younger folks, gov’t employees, and others that are starting up a chance to live downtown… will bring more density to urban area.

Anonymous
Anonymous

What ever happened to gloria estefan proposed office and party tower.

Anonymous
Anonymous

Flippers.. Estefans are entertainers.. not developers

Anonymous
Anonymous

Good decision, but more, a lot more areas zoning throughout the city need to undergo changes like this.

Anonymous
Anonymous

Only an experiment for now.

Anonymous
Anonymous

“Experiment?” There is so much that has to be done in this city if people want it to be truly world class. Unfortunately, Miami suffers from others stubborn stupidity.

Danny
Danny

I’ll give you that one ^

Anonymous
Anonymous

and Melo has already been on top of it !

Anonymous
Anonymous

Repeat after me. Parking maximums, not minimums.

Anonymous
Anonymous

so sick of the parking crap already, people need to get to work and all the big employers are int he suburbs so stfu

Anonymous
Anonymous

They think it makes them appear intelligent when they mention something about parking.

Anonymous
Anonymous

They should implement it around all City’s the Metrorail stations and the North East Trirail future corridor.

Anonymous
Anonymous

Sorry but that makes too much sense.

Anonymous
Anonymous

No they shouldnt.
Density, parking, and other relief is given to Transit Oriented Developments.
Forcing another layer of regulation on builders is NOT a good idea.

Anonymous
Anonymous

Micro units?

Anonymous
Anonymous

I embrace this concept.. let’s see if this is a viable solution to affordable housing problem.

Anonymous
Anonymous

I don’t know why it’s taken so long for something like this to develop. Another incentive would be to cut parking and encourage more ride-share, app-mobility and mass transit in the area in exchange for more density. This should be the way to go not the exception.

Anonymous
Anonymous

Cutting parking will allow developers to add more resident floors and not parking garage floors. The city refuses to get to the root of the problem.

Anonymous
Anonymous

Yes, this would be a great idea esp if we had the mass transit system like NYC

Anonymous
Anonymous

great news now let’s build!

Anonymous
Anonymous

Workforce can room up with 3 or 4 room-mates or a few families per unit. In this way it is already affordable

Anonymous
Anonymous

from one ghetto to another decades apart

Anonymous
Anonymous

Well, if everyone thought like you, nothing will get done.

Anonymous
Anonymous

I rather live in the ghetto than in boring alligators infected DeSantis monochromatic suburbia.

Anonymous
Anonymous

Term to describe where a minority group live, typically as a result of social, legal, or economic pressure… originally been used to restricted and segregate Jews.

Not happening in A&E District

Anonymous
Anonymous

Forget it.. that anonymous person above that said “from one ghetto to another decades apart” is a rich snob who lives on Fisher Island.

Why
Why

Nah.. probably lives in Hialeah.

Anonymous
Anonymous

Or in Sweetwaters

Anonymous
Anonymous

“Alligators infected DeSantis monochromatic suburbia?” Didn’t west Broward vote overwhelmingly for that pinko Gillum?

Anonymous
Anonymous

No you wouldn’t because you don’t want your rims stolen or your car jacked or your gold chain yanked from your neck by someone ready to sell it off to score some junk.

Anonymous
Anonymous

And don’t call me racist. Ghetto doesn’t mean just black neighborhoods anymore. Look at east Little Havana around 12th or 7th avenue, or East Hialeah. The same crap can easily happen there.

Anonymous
Anonymous

Plenty of affordable housing exists with transit access. It’s just people are racist and don’t want to live in Opa-Locka Brownsville, West Little River, etc. Meanwhile, opposing failed policies like inclusionary zoning and letting markets decide is apparently NIMBY racism Look at San Fransicko for how bad this policy is, where Nob Hill borders the rent-controlled Tenderloin, and crackheads cause all sorts of trouble.

Anonymous
Anonymous

WTF is DeSantis Jr. Talking about?

Anonymous
Anonymous

Critical thinking and proven examples. Something granola-munching neckbeard Gilliumites can’t comprehend.