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Committee approves revised unit mix and financing update for Dulce Vita Apartments
Summary
The committee reviewed and approved changes to the Dulce Vita Apartments project budget and unit count; staff recommended no change to city loan terms despite a three‑unit reduction to accommodate a larger county library footprint.
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,…
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