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North Miami council approves subsidy for Redwood development after public questions about funding
Summary
The North Miami City Council approved a resolution authorizing a multi‑year rent subsidy for a second phase of the Redwood mixed‑use development, drawing public concern about the source of the funds and negotiation over affordability targets. The measure passed 4–1.
The North Miami City Council voted 4–1 to approve a resolution authorizing a rent subsidy for a multi‑phase residential and retail project by Redwood C. P. Dev Co. LLC, with the subsidy described in the resolution as “not to exceed $8,340,000” payable in annual installments over 12 years beginning the later of fiscal year 2027 or the certificate of occupancy for Building 2.
The vote followed public comment and a period of council questioning about where the subsidy funds will come from and what income tiers the subsidized units must serve. Councilman Pierre Franz Charles made the motion to approve; Councilwoman Mary Estimate Irvin seconded. The motion passed with a 4–1 tally; the transcript does not name the lone no vote.
Council and staff described the subsidy…
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