The City of North Miami Workforce & Affordable Housing Needs Assessment and Housing Revitalization Area Strategyprovides a current market perspective on the key demand and supply factors impacting the production and availability of housing in North Miami and policy strategies to address the City’s most pressing housing needs. The Workforce & Affordable Housing Needs Assessment provides the housing and economic market underpinnings for the Housing Revitalization Area Strategy. A basic premise of all housing markets is the need to create and maintain a “spectrum” of housing choice and opportunity for local residents. This axiom establishes that housing choice and needs differ in most communities due to a variety of factors including: household income, population age, proximity of employment and mere preference. A spectrum of owner and rental housing choice and opportunity is particularly important in supporting the range of income groups that reside in the City. An understanding of the shifting demands for housing is critical for the creation of effective housing policies and strategies. The increasing demand for worker housing has magnified the importance of providing a wide spectrum of owner and renter choice and opportunity with respect to affordability, location and access to jobs. The following key findings highlight population, housing and economic conditions within the City of North Miami with important policy implications. The supporting analytics provide geographical analysis at the City, CRA and Census Tract levels. The focus of the analysis is the CRA and Census Tracts with the highest levels of economic distress and opportunity. A comprehensive analysis of all the Census Tracts in the City of North Miami is provided in Appendix A: Data by Census Tract.
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