Pinnacle Housing Group obtains funding to build Verbena affordable housing in Miami-Dade’s Leisure City – South Florida Business Journal

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For further discussion about partnership or joint ventures with NHSSF Real Estate Development, please contact our Development Director. Neighborhood Housing Services of South Florida does business in accordance with the federal fair housing law and Equal Credit Opportunity Act.

A lot of local elected officials became aware of its importance, which translated to a lot of support and extra funding for affordable housing last year. We got an extra $350 million. Gov. Jeb Bush was proposing at press time to increase funding for Florida Housing’s affordable housing programs by 26% to $243 million next fiscal year, which.

Pinnacle Housing Group has moved forward with its first affordable housing project in South Florida since the developer signed a settlement with florida housing finance corp., the main distributor.

Our Affordable Housing Trust Fund provided funding to developer partner Urban Housing The Housing Authority of the City of Los Angeles (HACLA), which owns and manages public housing. We staff a group of seven volunteer Commissioners that meet monthly to discuss strategic policy.

Construction of the 123-unit affordable housing complex for seniors is expected to start in June. The project is receiving funding through the Florida Housing Finance Corp. in the form of a $5 million low-interest loan and another $5 million from the Miami-Dade County Building Better Communities bonds, according to Friedman.

Pinnacle Housing, a developer tied to a federal criminal probe of inflated construction expenses on affordable-housing contracts, is up for nearly $4 million in funding from Miami-Dade County.

Florida board recommends two-year funding ban for affordable housing developer. Miami-based Pinnacle Housing Group will likely be banned from applying for state funding for two years after prosecutors found the affordable housing developer was profiting from inflated costs. Florida Housing Finance Corporation’s board of directors on Friday.

Defining ‘Affordable Housing’ In Florida The South Florida Business Journal reports on affordable housing in the state. "Amid worries about a lack of affordable housing for workers in South Florida, there is no shortage of residences listed for sale for less than $200,000.

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Pinnacle Housing Group has obtained financing and will soon break ground on the $31 million Verbena affordable housing project in the Leisure City area of Miami-Dade County. more Pinnacle scores construction loan for affordable housing in Hollywood

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