Hurricane Impact on Affordable Housing

Posted On: October 6, 2022

Chris Shirley, Marketing Specialist

The impact on housing is becoming more clear in the aftermath of Hurricane Ian. In Southwest Florida, communities hit hardest by Ian, the rebuilding after the historic storm could take decades. The area’s popular beaches, inflation, and soaring rent costs made the area one of America’s least affordable to live. It is still not clear how many Floridians lost homes in the storm, but the early predictions are bleak.

More than two-million Floridians making less than $50,000 per year pay more than 30 percent of their income in rent or mortgage. According to The University of Florida’s Shimberg Center for Housing Studies, that is more than a quarter of households in the state. Many impacted residents also lack flood or homeowner’s insurance compounding the recovery process.

“There was already a gap between what housing costs and what people can afford.”

Anne Ray, Shimberg Center for Housing Studies
Hurricane Ian Damage

In just over two years, the average rent across Florida rose by more than $400. Experts say those large rental increases and the hurricane damage could cause the area to lose a critical supply of affordable housing. The New York Times estimated tens of thousands of homes are damaged. Experts spoke with leaders in damaged areas that confirm there aren’t many affordable housing options for low-income residents to relocate.

Hurricane Ian Leaves Trail of Destruction

Southwest Florida isn’t alone in recovering from Hurricane Ian. While the impact on housing doesn’t compare, the storm will be remembered for its first landfall in Cuba. Coastal South Carolina is also cleaning up. The Hurricane brought flooding rain, winds, and caused beach erosion. Further north, Ian brought nor’easter effects to the mid-atlantic states like Virginia. Things have since calmed down in Virginia Beach. However, the National Weather Service issued a Flash Flood Emergency during the storm.

Owners and Agents don’t forget to follow HUD’s guidelines on reporting damage on property.

How You Can Help

Victims of Hurricane Ian will require support for months to come. Often, when disasters strike, we want to help victims in any way we can. Boots from across America are on the ground assisting in recovery efforts from Ian. However, monetary donations will help victims begin the recovery process. Below you will find a shortcut for donations the American Red Cross is collecting specifically for the victims of Hurricane Ian.

Help for Hurricane Ian Victims

The American Red Cross


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