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Committee OKs $4.85 million Miami Forever bond allocation for Gallery at Wagner Creek
Summary
The City of Miami Housing Commercial Loan Committee voted Oct. 29 to allocate $4,848,080 in Miami Forever bonds to Gallery at Wagner Creek LLC to help finance a 460-unit, transit-oriented mixed-income housing development in the Allapattah/Health District.
The City of Miami Housing Commercial Loan Committee approved an allocation of $4,848,080 in Miami Forever bonds to Gallery at Wagner Creek LLC for the development of Gallery at Wagner Creek, a 460-unit mixed-income residential project near Jackson Memorial Metrorail Station.
John Quaid, assistant director of the City's Department of Housing and Community Development, presented the staff recommendation and described the financing terms and affordability commitments. "The project, as presented, will consist of a 27‑story tower with a total of 460 housing units," Quaid said, and noted that 70 of those units will be city‑assisted, including 35 set aside for special‑needs households and subject to referrals by a state‑approved agency. Quaid said the requested Miami Forever bond funds would bridge a…
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