Allapattah on deck: CRA targets $243M for infrastructure, affordable housing

by TRD Staff

Allapattah, already a neighborhood targeted for redevelopment, now has a $243 million spending plan that leans in on infrastructure improvements and affordable housing construction.  Miami commissioners, sitting as the members of the newly formed Allapattah Community Redevelopment Agency, unanimously voted for the spending roadmap last week.  The numbers? Out of the $243 million investment plan, $90 million is for infrastructure, and $75 million is for affordable housing, the South Florida Business Journal reported. This is followed by $45 million for economic development, $33 million for community facilities and $25 million earmarked for running the CRA itself through 2055.  Costs will […]

This article originally appeared on The Real Deal. Click here to read the full story.

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Stevan Stanisic

Stevan Stanisic

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Real Estate Advisor | License ID: SL3518131

Real Estate Advisor License ID: SL3518131

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