The Housing Commercial Loan Committee approved staff's recommendation to accept a revised unit mix and updated financing for Dulce Vita Apartments LLC, a planned 8‑story mixed‑income rental project in Allapattah, while keeping the city's $15,000,000 Miami Forever bond allocation and loan terms unchanged.

John Quaid, assistant director of the Department of Housing and Community Development, told the committee the project, previously approved for $15,000,000 in city bond allocation on Oct. 24, 2023 and confirmed by the city commission on March 14, 2024, has adjusted from 230 to 227 total units because an expanded Miami‑Dade County library at the site increased program square footage. "To accommodate that, we lost 3 units from the original development plan," Michael Wall, a partner at CoreRock Development Group, told the committee, noting the revised library footprint will be nearly 9,000 square feet instead of the originally anticipated 5,000 square feet.

Quaid said staff had reviewed the updated budget and determined the project remains viable; staff noted a possible future surtax award application of roughly $5,000,000 that could further affect project funding but is not yet awarded. Committee members asked about whether the change could have been handled administratively; staff said budget increases beyond 10% require committee review because of the city's investment and oversight responsibilities.

Committee members also discussed parking, building height limits, unit size and long‑term maintenance reserves. Wall said the project plans a parking ratio of about 1.6 spaces per unit and that the garage expansion will include spaces to serve local merchants and the library; he also said lender and tax‑credit investor requirements and code issues affect building height and unit mix.

A motion to approve staff's recommendation carried by voice vote; the record shows no opposition. Staff said the developer expects to be permit‑ready and to close financing in the near term.