The Tampa Bay Partnership has received $250,000 from JPMorgan Chase to measure the depth of the regional housing crisis.
The two-year investment will support research, and reporting, on housing affordability needs in Hillsborough, Pasco and Pinellas counties, over the next five years.
More specifically, the research will:
• Measure the available housing stock today and how it aligns to residents’ needs based on various income levels.
• Define how many dwellings must be created to support the forecasted growth of Tampa Bay communities.
“We are grateful for the generous support from JPMorgan Chase, which will make this research possible,” says Bemetra Simmons, president and chief executive officer of the Tampa Bay Partnership. “The housing crisis is a critical issue for our region and a concerted effort is underway to support each county’s residents. Having a housing needs assessment allows us to see the full scale of the issue and then set goalposts and map realistic goals. We will know if 5,000 units in an area brings us closer to 50% of our goal or if we have a longer road ahead. Having a number in mind will allow local leaders to inform their future decisions.”
The completed report is expected to be released in August of 2025.