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CRA moves to negotiate Core Rock affordable housing deal with up to $15 million from 2025 bond proceeds
Summary
The Southeast Overtown Park West CRA placed a resolution before the board to negotiate and execute a development agreement with Core Rock Developers for an affordable housing project on NW Twelfth Avenue and to allocate up to $15,000,000 from the Series 2025 bond issuance.
At its Sept. 25 meeting, the Southeast Overtown Park West Community Redevelopment Agency reviewed a resolution authorizing the executive director to negotiate and execute a development agreement with Core Rock Developers and to dispose of several parcels on Northwest Twelfth Avenue at a below-market rate for an affordable housing project.
The resolution named the project site as 1141 Northwest Third Avenue and 242, 234 and 224 Northwest Twelfth Street, Miami, and proposed allocating and…
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