Affordable Housing Comparison

Predominantly Rented

  1. Based on Fair Rent of Delray Beach, FL in 2024 and inventory of available apartments. Relative pricing would be consistent for other markets.

  2. Assume 40% of Gross Income goes to rent. The federal government still considers this level “rent burdened.”

  3. For Income Target: Studio, 1BDRM and ADU’s are not affordable to any household making less than $35k per year (25% of all HH’s).

  4. MTHU vetting uses U.S. Housing and Urban Development gold standard. ADU vetting performed by untrained landlord.

  5. Micro Apartments and ADU’s have been the recipients of numerous government subsidized programs.

  1. Various internet sources. www.southfloridamthu.com/affordable-housing-options

  2. Assume 40% of Gross Income goes to rent. The federal government still considers this level “rent burdened.”

  3. Workforce Housing typically requires proof of income and other personal information.

  4. Tiny Homes and Container Homes usually receive free or highly discounted government surplus property. Workforce Housing usually provide subsidies for developers and tenants

  5. Tiny home zoning was based on Rockledge, Florida’s recent Land Development Regulation change to allow tiny homes within the Redevelopment Mixed Use District (RMUD), and the Planned Unit Development (PMUD).

Affordable Housing Comparison

Predominantly Owned