The Real Deal Miami

Posts Tagged ‘affordable housing’

  • Carrfour, the Pride Center team up for LGBT senior housing in Broward

    Carrfour secured 9 percent tax credits for the first phase of 48 apartments
    August 23, 2016 04:30PM
    The Equality Park Campus. Inset: Stephanie Berman and Robert Boo

    The Equality Park Campus. Inset: Stephanie Berman and Robert Boo

    South Florida is joining a national trend of affordable housing for the LGBT community with a new project: the Residences at Equality Park.  [more]

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  • All-female lineup of real estate power players on transportation and affordable housing

    Jain said she bought apartments near the Vagabond for her employees
    July 29, 2016 09:45AM
    Calderon Jain Blanca Butler and Sullivan

    Lissette Calderon, Avra Jain, Tere Blanca, Beth Butler and Cristina Sullivan

    During an event Thursday morning featuring an all-female lineup of prominent real estate professionals, developers Lissette Calderon and Avra Jain voiced their support for a Miami-Dade County legislative proposal that would require builders to set aside units for blue collar workers currently priced out of the South Florida market. [more]

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  • Investors buying homes in low-income section of Naples

    The investors are buying in River Park, where most African Americans in Naples reside
    July 24, 2016 04:00PM
    River Park home listed for sale

    River Park home listed for sale

    A New York investment group has bought a dozen properties in the River Park area of Naples, raising concern that residents of the low-income neighborhood will have to look elsewhere for affordable housing.

    Jonathan Shectman manages private hedge funds that have spent $8.2 million to buy 12 River Park properties, including nine single-family homes, two commercial lots, and an apartment complex with 96 units. [more]

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  • Growth in income lags very far behind rises in rent: report

    Household income grew by 18% in the past 50 years, while rents soared by 60%
    June 29, 2016 03:00PM
    Portland, Oregon renters rallying for rent control (credit: libcom.org)

    Portland, Oregon renters rallying for rent control (credit: libcom.org)

    From the New York website: If you haven’t heard, it’s not easy for renters these days. But the complaints are not an exaggeration.

    Examining census data from 1960 to present day, a new report has illustrated the drastic — but very real — drop in housing affordability nationwide. [more]

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  • Affordable housing crisis hurts the poor, but not market-rate renters: study

    Despite high rents, mid-earning tenants can still find affordable units
    June 23, 2016 08:45AM
    Map of top 10 U.S. rental markets by price

    Map of top 10 U.S. rental markets by price

    From the New York website: Contrary to popular conception, the trend of rising rents and diminishing inventory has minimal negative impact on mid- and high-earning renters.  [more]

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  • Atlantic | Pacific breaks ground on Fort Lauderdale affordable housing

    Phase five will include 100 new units and 100 redeveloped units in Northwest Gardens
    April 26, 2016 02:15PM
    Aerial view of Northwest Gardens V in Fort Lauderdale

    Aerial view of Northwest Gardens V in Fort Lauderdale

    The affordable housing arm of Atlantic | Pacific Companies broke ground on a new LEED certified development recently.  [more]

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  • The rest of America is now flirting with inclusionary zoning

    About 500 cities have already adopted some form of the policy
    April 19, 2016 02:30PM
    Nashville (credit: http://gscourt.nashville.gov)

    Nashville (credit: gscourt.nashville.gov)

    From the New York websiteNew York may not be so special after all. As home prices spike all across America, mid-size cities are now considering the same inclusionary zoning policies as their major league counterparts. [more]

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  • Overtown CRA says affordable housing is on the rise

    Projects include the Plaza at the Lyric, Island Living Apartments and Courtside Apartments
    April 05, 2016 04:30PM
    Plaza at the Lyric, All Aboard, Courtside Apartments and Island Living

    Plaza at the Lyric, All Aboard, Courtside Apartments and Island Living

    With construction for All Aboard Florida’s MiamiCentral project and Miami Worldcenter underway, the blighted neighborhood of Overtown is poised for a boom during the current real estate cycle.

    And as gentrification begins to take hold in the area, officials with Miami’s Southeast Overtown/Park West Community Redevelopment Agency say they have work is well underway to make sure the neighborhood has a healthy stock of affordable housing. [more]

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  • Miami-based Courtelis sells Kissimmee apartments

    Hercules Real Estate paid $66,497 per unit for the low-income tax credit apartment community
    March 20, 2016 02:30PM
    Grande Court Boggy Creek in Kissimmee

    Grande Court at Boggy Creek in Kissimmee

    Miami-based Courtelis Development Co. sold an affordable rental housing property in Kissimmee for $26.2 million, or $66,497 per unit.

    Grande Court at Boggy Creek at 1401 Grande Boulvevard in Kissimmee is a low-income housing tax credit community with 394 units with one-, two- and three-bedroom floor plans. The units have ceiling fans, walk-in closet and storage space.

    Developers acquire and sell low-income [more]

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  • Marathon wants bed-tax funds for affordable homes

    The Monroe County Tourist Development Council collects the bed tax
    March 13, 2016 01:30PM
    Travel-Trip-5 Free Things-Florida Keys

    Marathon

    Members of the Marathon City Council want to use tax money collected by the Monroe County Tourist Development Council (TDC) to encourage affordable housing development.

    Marathon Mayor Mark Senmartin told the Keynoter newspaper he wants the TDC bed tax to support affordable housing development and not just advertising to attract tourists. Most of the TDC bed tax is earmarked for marketing only. [more]

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