Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
North Miami CRA approves $3.6 million grant, 50% TIF incentive for Prestige District projects
Summary
The North Miami CRA approved Resolution 2025027 to award up to $3.6 million in infrastructure funding and a 50% tax-increment recapture incentive to Prestige District LLC and Prestige North LLC; the award includes 12 units reserved at 80% of AMI for the life of the CRA.
The North Miami Community Redevelopment Agency on a 4–0 vote approved Resolution 2025027 to authorize an infrastructure grant of up to $3,600,000 and a 50% tax‑increment recapture incentive for Prestige District LLC and Prestige North LLC.
CRA staff said the award is funded by bond series 2024 and will support rehabilitation of two multifamily properties — Prestige…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
