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Nov. 2, 2012

$12M Parkview Gardens Affordable Community Opens in Liberty City

By Georgiana Mihaila, Associate Editor

Over 200 low-income residents will now benefit from affordable housing, as a brand new affordable housing complex recently opened its doors in Miami’s Liberty City neighborhood. Developed by Carrfour Supportive Housing, Florida’s largest nonprofit affordable housing developer, along with Tacolcy Economic Development Corporation and the Florida Housing Finance Corporation, the new Parkview Gardens community began welcoming residents on October 30. The special reception and ribbon-cutting ceremony was attended by Miami Mayor Tomas Regalado, County Commissioner Audrey Edmonson and former County Commissioner Dr. Barbara Carey-Shuler.

“Parkview Gardens is a great example of a project that provides a safe place for people in need of a permanent place to live within the community, while also stimulating the local economy,” said Stephanie Berman-Eisenberg, president of Carrfour Supportive Housing. “We built this project with the intention of creating a modern, secure and affordable living environment for families while serving as a catalyst for revitalizing one of Miami-Dade’s most distressed neighborhoods.”

Located at 1437 NW 61st St. in the heart of Miami-Dade County’s Liberty City neighborhood, Parkview Gardens consists of 60 garden-style apartment units designated for low-income families and individuals. With preference given to local Liberty City residents and area veterans, the $12 million development provides housing for tenants earning at or below 60 percent of the area’s median income (AMI), with six units set aside for those earning at or below 33 percent of the AMI.

With units ranging in size from one to three-bedroom apartments, Parkview Gardens consists of six three-story residential buildings, a community center and a two-story parking garage. Amenities include a children’s playground, exercise room, computer lab, library and picnic area.

The City of Miami provided about $343,000 in HOME funding for the development of Parkview Gardens, as well as several parcels of land on which the project was built. Miami-Dade County provided $1,600,000 in surtax funding. First Housing and JP Morgan Chase Bank served as funding partners, while RBC Capital Markets served as equity provider for the project. Crossroads Management, Inc.—a property management subsidiary of Carrfour Supportive Housing—will serve as manager of the property.

Images courtesy of Schwartz Media Strategies