Miami-Dade Public Agency Advancing $126.4M Affordable Housing Project
The Housing Trust Group has been chosen by the Naranja Lakes Community Redevelopment Agency to move forward on a 328-unit affordable housing venture. If the vote goes as expected, the CRA will award the developer land and a $7 million loan in exchange for the development. The S. Florida Business Journal reports that this continues the trend of South Florida governments providing land to developers for free to create affordable housing, as high land costs are frequently a barrier to building income-restricted housing.
Under the proposal, HTG would receive this property at a nominal amount in exchange for keeping the site affordable for 99 years, with incomes ranging from 30% to 80% of area median income.
In addition to the housing units, the project will include 11,466 square feet of commercial space. The preliminary budget for the project is $126.4 million.
The CRA acquired the 4.61-acre site at 27501 and 27525 South Dixie Highway for $12.62 million in 2025. It currently has a 27,260-square-foot retail center.
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout