ORLANDO, Fla. — A group of Florida Democrats just sent a letter to Gov. Ron DeSantis. They want him to expand an upcoming special session about property insurance to also include rent relief.
>>> STREAM CHANNEL 9 EYEWITNESS NEWS LIVE <<<
Rent in Central Florida has gone up by more than 20% in the last year.
Renters in Orlando are paying about 37% of their income on housing.
READ: Looking to buy a house? Meet your biggest competitor
The rent rule of thumb is your monthly payment should not be more than 30% of your income.
The median price of a home has increased by $100,000 in a year thanks to huge demand and low supply.
READ: Developers: Here’s how to solve Central Florida’s housing crisis
“1,000 people were moving here a week to the greater Orlando area. We are not building 1,000 units a week,” said Austin Valle, with Orlando Yimby.
Lawmakers said solutions are needed to bring stability to the “volatile market.”
This browser does not support the video element.
Click here to download the free WFTV news and weather apps, click here to download the WFTV Now app for your smart TV and click here to stream Channel 9 Eyewitness News live.