Miami HCLC approves multiple housing awards, loan consents and project changes including $600,000 for supportive housing

The Housing and Community Loan Committee (HCLC) of the City of Miami voted on June 26, 2025, to approve a set of housing funding awards, loan consents and project refinancings that the department recommended.

The committee approved: a recommendation to allocate up to $600,000 in CDBG funds to the Miami‑Dade County Homeless Trust to rehabilitate 1371 Northwest 60 First Street into six permanent supportive housing units; a HOME loan of $955,728 to Papel Family Management LLC for the Zoey’s Landing development (10 affordable units); consent to refinance and subordinate the City’s $675,015 HOME loan for Amber Garden as part of a proposed Wells Fargo refinance and extended maturity; acceptance of borrower entity and budget updates for the South Florida Community Land Trust Place Louverture project; approval of the Gallery at Loomis Park budget and two unit‑mix contingency options tied to county/HUD approvals and a $2,000,000 ARPA predevelopment loan; amendments to unit mixes for Briseis Del Sol 1 & 2 (Jose Marti Villas LLC); and a reduction of the city‑assisted units at Magnus Brickell (formerly Gallery at West Brickell) from 93 to 57 to reflect units actually leased to City residents.

Why it matters: the actions together represent the committee’s latest deployments of federal and local housing resources — CDBG, HOME, SHIP, ARPA and county surtax funds — and several project‑level changes that affect how units will be leased and which populations receive preference. The approvals move multiple developments toward loan closing, rehabilitation, or construction while documenting changes in borrower entities, financing stacks, and unit allocations.

Details of the approved items

1) 1371 Northwest 60 First Street — CDBG to Miami‑Dade County Homeless Trust The committee endorsed staff’s recommendation to allocate up to $600,000 of City of Miami CDBG funds to the Miami‑Dade County Homeless Trust to rehabilitate a 1958 two‑story building with six one‑bedroom units owned by the City of Miami. According to the department memo presented by Alberto Cacao, Housing Development Coordinator for the Homeless Trust, the building sits on a roughly 5,300‑square‑foot…