After years of setbacks that have pushed back the timeline on development, several affordable housing projects in one of Miami’s most blighted corners are closer to becoming a reality, a developer of one project and others involved in the transactions told the Daily Business Review.
Four new construction projects, which combined would add more than 600 units of affordable rental housing to the Overtown neighborhood of Miami’s urban core, are in advanced stages of securing construction funding and are likely to move forward with development, according to the chief executive of the Community Redevelopment Agency for the area.
