A city agency is taking $500,000 away from a fund meant to create four low-income housing complexes in one of Miami’s poorest neighborhoods.
Payments to two nonprofits chosen without a competitive process have been presented as an administrative expense for handling over $43.5 million in public borrowing for the housing ventures. The developments, one of which broke ground last year, are being built largely with money borrowed by the city’s Southeast Overtown Park West Community Redevelopment Agency.
