Carlisle Development Group, the Miami-based affordable housing developer under grand jury investigation for allegedly padding profits with government subsidies, has built a 22-unit complex with nine units dedicated to youth aging out of foster care, according to a news release.
“Life is challenging enough for young adults who come from stable homes, but for youth aging out of foster care, the obstacles to succeeding in life are almost insurmountable,” said chief executive Matthew Greer.
Carlisle, the third largest affordable housing developer in the U.S., will cut the ribbon on the Anchorage Apartments, which target working families and individuals making 50 to 60 percent of the median area income, in Miami’s Liberty City neighborhood on June 3.
Residents of the one- and two-bedroom apartments, ranging in size from 630 to 940 square feet, will have access to shared amenities, including a computer lab, gym, library and on-site laundry, according to the release.
Providing housing to those who at 18 age out of foster care is a core priority for Carlisle, which has a track record in providing housing opportunities to teens unadopted and on their own.
A disclosure last month revealed that the company is facing a grand jury investigation into allegations that it defrauded taxpayers by padding construction costs for public projects in Miami-Dade and Broward counties, as The Real Deal reported.
The focus is on two of Carlisle’s top executives, including Greer and retired CEO and founder Lloyd J. Boggio, as well as general contractor Michael K. Runyan, according to the subpoena.
Carlisle Development Group has received accolades for its well-designed apartment buildings that provide housing opportunities for some of South Florida’s poorest.