2. Opa-Locka Is Older and Aging

3. Opa-locka Residents Are Also…  Poor  Primarily Renters  Burdened by Housing Costs Without deliberate and now unanticipated interventions, these population conditions will continue.

4. Existing Housing Stock  Most of Opa-locka’s rental housing is government-assisted. Much of that assistance is scheduled to expire soon.  Much of the remaining housing is smaller than current market standards, or threatened by flooding or other environmental hazards.

5. Sales Prices Have Plummeted The foreclosure rate is now 10%.

6. Intervention Strategies  Stabilize neighborhoods  Assemble property for development  Acquire foreclosed properties  Preserve affordable housing  Address quality-of-life issues