Real Estate & Home

Miami Caps Certain Sales of City-Owned Properties at 120% of Area Median Income

Ali Nemati8 hours ago26 sec read2 views0 listens

Miami City Commission has passed a resolution allowing certain city-owned homes to be sold to buyers earning up to 120% of the area median income, aiming to increase homeownership opportunities for middle-income residents. This adjustment widens eligibility beyond lower-income households and could help address Miami’s severe housing affordability issues by making more properties accessible to those priced out of the market.

Read the full article at Realtor.com Blog

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Ali NematiWritten by Ali

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