Affordable Housing 'Lost In Conversation' Of Miami's Wealth Boom

The Sunshine State has become the safe haven for billionaires fleeing from proposed wealth taxes, but as Miami welcomes the influx of the ultra-wealthy and their companies, current residents are struggling to keep up with rising costs and rents. 

The population in Miami-Dade County has started to shrink as a result, reinforcing the need for the area to add more affordable housing if it wants to retain its economic progress, developers, Miami-Dade County officials and affordable housing advocates said at Bisnow’s South Florida Affordable Housing Summit on Thursday.