Word: rental
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...absurd in recent years. At the turn of the century, Florida was averaging about 10,000 new affordable-housing units per year; today it's about half that. Some Florida towns have even enacted minimum square-footage requirements for single-family homes and have all but zoned out affordable rental units. Last year a Miami developer, who was convicted because he used almost $1 million in public funds meant for affordable housing to build upscale condos, received a punishment of only probation...
...units. "But most of those homes will never be available to the people we serve," insists Lloyd Boggio, a Miami developer and chairman of the Florida Coalition of Affordable Housing Providers. Some communities are using federal Neighborhood Stabilization Program funds to buy up foreclosed homes and convert them into rental units, but they say it's hardly enough to fill the large gap. (See a video on facing foreclosure in Tampa...
...trust-fund diversion - was probably hoping the federal stimulus package would help make up for the affordable-housing gap. Indeed, the $787 billion stimulus gives Florida more than $250 million for public housing, homeless prevention (by helping people pay security deposits, utility bills and rent), affordable homes and rental assistance as well as tax credits for affordable-housing builders...
...package to Ireland includes round-trip airfare from New York City or Boston to Dublin for $799 per person, a night at the Ritz-Carlton Powerscourt (just south of Dublin) and a stay at the four-star Strand Hotel in Limerick. While you're on the road (the car rental is also included), you can stay four nights at any of 1,200 Irish Farmhouse Bed & Breakfasts. The same package is available from Chicago or Washington, D.C., starting at $949, and from San Francisco starting at $1,059. Book by Feb. 27 for travel from May 1 to June...
...turn around someday, and in the meantime, rents are falling. In March, Kreuzer and his family are moving into a nearby town house with rent so cheap, he can continue to help his in-laws pay their monthly bills. Michael Gallagher also found a killer deal on a rental. He moved out of his mom's place in November, but she has yet to rearrange her stuff. "I'm not moving anything back just yet," she says. "With this awful economy, he could boomerang right back in here...