Lake Worth Beach considering smaller apartments as rents skyrocket
Turned down during the last regime because of fears of Section 8 Housing developing from that decision, the present Democrat commission is all for it."There's no set definition for what constitutes a micro apartment, but in Lake Worth Beach, the ordinance requires that dwellings include total square footage between 250 feet and 750 feet with a fully functioning kitchen and bathroom. A common area where residents can mingle also is mandated.
Any developer looking to build micro-apartments in the city needs a parcel of land big enough to accommodate 20 residences under the ordinance."
The goal is to allow someone working for $15 an hour to afford paying 35% of their income on rents. Years ago the benchmark was 25%. One fourth of our residents live below the poverty line.
Read the Palm Beach Post
Will it stop the overcrowding of dwellers in rentals
ReplyDeleteThat sounds like a (HOA) Homeowners Association, in a (PUD) Planned Unit Development.
ReplyDeleteThere is nothing terribly small about 750 SF.
I would estimate that in a decent neighborhood in Lake Worth, or anywhere in the county, a 750 SF unit would rent from about $1500 to $1800. That's a lot of money for a 1-bedroom apartment.
So, if you do the math, it comes to about $910 monthly for rent. Brand new apartment for $910.00
ReplyDeleteI am sure people will take very good care of those apartments. And, I am sure developers are looking forward to building those $910 monthly rental units.
Section 8 housing here we come!
Such is life 2:08. What do you suggest? $15.00 an hour used to be a living-wage. Not anymore! Of course, it's better than minimum wage!
ReplyDelete