St. Lucie County, FL
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Housing Initiatives
What is affordable housing?
Housing is considered affordable when a household spends no more than 30% of its gross monthly income on a home priced at fair market rate.
According to the U.S. Bureau of Labor Statistics, workers in the Port St. Lucie, FL Metropolitan Statistical Area had an average (mean) hourly wage of $24.63, about 21 percent below the nationwide average of $29.76. At the hourly, full time wage of $24.63, no more than $1,280 should go towards housing expenses. As of February 2024, the median rent for all bedroom counts and property types in Port St. Lucie, FL is $2,575. This is +29% higher than the national average. (Zumper 2024).
It’s also important to note that affordable housing is not the same as public or Section 8 housing. Affordable homes look just like regularly priced homes except the cost is reduced to help working-class families that meet certain income criteria thrive in our community.
Who is in greatest need?
Teachers, emergency responders, government employees, nurses, and other working-class families and individuals.
Housing affordability impacts everyone, whether they realize it or not. In St. Lucie County, median home prices are among the highest in Florida. This has forced large segments of middle class and working class families to either live here un-affordably or live in other counties, where they spend their money on homes, groceries, gas, and other expenses. They are people such as teachers, teacher’s aids, nursing assistants, medical technologists, retail workers, government employees, emergency services providers, and law enforcement. All the while, they commute to jobs in St. Lucie County, which contributes to traffic congestion as well as negatively impacts quality of life and economic development.
Housing affordability is a legal obligation. Every unit of local government in Florida is required by law to provide for the housing needs of its entire community pursuant to the Local Government Comprehensive Planning and Land Development Regulation Act of 1985 (Chapter 163, Part II, Florida Statutes, commonly referred to as the Growth Management Act). The Growth Management Act sets certain requirements for each element in the plan. The requirements for housing are found in 163.3177 (6)(F), Florida Statutes.
The state, through a contract with the Shimberg Center for Affordable Housing, provides every local government with data showing how many units of homeownership and rental units are needed within the jurisdiction. Data can be found here.
Affordable housing improves the economic health of a community. Aside from the legal obligation to provide housing for the entire current and anticipated population, every local government in Florida should provide a mix of housing so that it can continue to grow economically. When new industries evaluate a prospective community, one of the factors they consider is whether adequate workforce housing is available. New industries provide jobs and a substantial ad valorem tax base. To attract new industry and raise the ad valorem tax base of a community through the development of nonresidential properties, there must be an adequate inventory of affordable housing.
For hardworking families and individuals, housing affordability is particularly crucial in an area like St. Lucie County. We need our emergency responders, nurses and teaching professionals to have a place to call home in the community where they work. This not only helps them and their families but, ultimately, it benefits all who live here.
Page Last Updated: July 17, 2024