The Central Florida Foundation and the Central Florida Regional Housing Trust on Feb. 5 announced the creation of the $100 million Housing Impact Fund in an effort to address Orlando's affordable housing crisis.
More than 1,500 people move to the region each week and about 48% of residents spend half their paycheck on housing. Metro Orlando currently is ranked as worst in the nation for affordable housing with just 13 affordable, available rental homes for every 100 extremely low-income renter households, according to Washington D.C.-based National Low Income Housing Coalition. And when it comes to the ability to buy a home, Orlando also is among the most-expensive housing markets in the U.S., according to RealtyHop.
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