How to lower rents: Landlord subsidies.

What is happening? Miami Dade Mayor is considering landlord subsidies to help lower rental rates. The program was developed by large apartment operators and builders.

Why is this important? A total of $10 million in subsidies would be available for landlords from the program that would be funded in part with property-tax dollars.

How will this be important? Subsidies would amount to $167 a month for 4,500 apartments and rental homes within targeted rent ranges with tenants that would have rentals at reduce rents to “workforce” levels ($136,000 for a family of 4).

Governing | Miami-Dade Mayor Proposes Subsidies to Lower Rent Costs