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Nearly 20,000 people register to live at 113-unit Hollywood affordable housing complex
Read more at: https://www.miamiherald.com/news/loc...#storylink=cpy

In one week’s time, nearly 20,000 people have applied for a lottery to fill a 113-unit affordable housing development in Hollywood, underscoring the need for affordable housing in South Florida. That number astounded Timothy Wheat, partner at Pinnacle, the developer behind Pinnacle 441, a property at the intersection of Johnson Street and State Road 7, south of the Seminole Hard Rock Hotel and Casino, that will provide affordable housing to households earning 60% or less of the area median income. “We’re at a crisis level, perhaps the likes of which we’ve never seen — a crisis of affordability,” Wheat told the Miami Herald.

“I’m alarmed at what this says about how dire the need for affordable housing is,” he said. “I’m still stunned by the fact that we’ll probably have to sit through a 20,000-person list when we randomize this. … I’m just stunned by the notion there’ll be, you know, 19,887 unhappy people. I’m still wrapping my own brain around that.”