Florida Housing Crisis
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Jeff hayward, ceo of heart florida united way, describes the increase in people struggling and needing assistance during coronavirus pandemic.
In a regional effort, seminole county, orange osceola county and the city of orlando have all implemented 10year plan to combat affordable hou. Once a symbol of the housing boom, florida now suffers from plummeting home values and rampant foreclosures. Central florida has severe crisis of affordable housing.
Ron desantis extended the moratorium on evictions and foreclosures tuesday night, just hours before it was set to expire. Since florida's housing market crashed nearly a decade ago, wave of investors offering cash to flip or rent properties has helped restore values. Cbs evening news with scott pelley foreclosures line florida streets.
Here's how the coronavirus is affecting.
