Free land, $8M in forgivable loans greenlit for Miami affordable housing developers

Miami commissioners granted two developers free land and up to $8 million in forgivable city loans for the construction of affordable and workforce housing rental projects in Little Havana.  The vote in favor of the sweeteners came amid rising criticism against the city and other South Florida governments for catering to developers by awarding them perks, including land for allegedly below-market rate prices.  Public officials have countered that some of these carrots are a way to incentivize the construction of affordable and workforce rentals, a housing type that’s acutely needed in South Florida, where many residents are cost burdened.  In […]This article originally appeared on The Real Deal. Click here to read the full story.