South Florida cities aim to fight housing crisis with controversial free land deals
South Florida officials are increasingly turning to a controversial tool to combat the region’s housing crisis: giving away public land to private developers at no cost. Examples include former Miami City Commissioner Joe Carollo’s no-bid Little Havana deals last year and a recent move to add affordable housing to the up-and-coming luxury enclave West Palm Beach. Carollo orchestrated the no-bid deal just before resigning from office in December, ceding city-owned parcels worth over $8 million to developers Swerdlow Group, Nir Shoshani and Nuri Dorra, the Miami Herald reported. Carollo framed the move as a vital legacy for a district where […]This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts

Why late payments are stalling construction projects, and how to break the cycle

Six keys to tuning up the $15 trillion mortgage servicing sector

Waiting until fall won’t make homes more affordable, but here’s what will

Inside Usher’s Art-Packed Atlanta Mansion—Complete With Stuffed Toy Wall, Hookah Lounge, and Private Barber Shop

Hillstone Bal Harbour abruptly closes its doors after over a decade

Bill To Double Capital Gains Tax Exclusion Picks Up Momentum in Congress

Broward County plans massive development around Florida Panthers Sunrise arena

Home Values in Exclusive Jackson Hole Explode Up to 2,000% in 30 Years

Flock Cameras Are Surveilling You Before You Get Home—Know Your Rights

Splitero expands home equity investment offering to four new states
GET MORE INFORMATION

Stevan Stanisic
Real Estate Advisor | License ID: SL3518131
Real Estate Advisor License ID: SL3518131
