Orlando, Florida’s already-thin supply of affordable apartments could start disappearing soon, an expert warns, in a region suffering from a housing shortage and skyrocketing rents.
Contracts for rental assistance and other subsidies for low-income tenants on thousands of apartments are set to expire in the next 10 years, after which landlords could start asking market-rate rents.
“I don’t think it’s too late, but it’s definitely urgent,” said Anne Ray, a data manager with the Shimberg Center for Housing Studies at University of Florida.
