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COMPLETED PROJECTS

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Rio Plaza -114 Units (Homeownership) Completed 1989. The Rio Plaza North and South Condominiums consist of 114 units in two identical, five story towers. Rio Plaza is located at 501 and at 546 SW. 1st St. In the Rio Plaza project, all of the 114 units benefit low-income families earning no more than 80 percent of Miami-Dade County median income. The project utilized Dade County Surtux 2nd Mortgage Financing on all 114 units. Property Management and Condo Association training were provided by ELHCDC for 1 1/2 years.

Plaza Villas -11 Units

Homeownership - This project was completed in 1991. East Little Havana CDC successfully completed the development of the Plaza Villas Townhouses, an 11 unit multi-site project located at 720 SW. 2nd St. and 997 SW. 6th St. in Miami.  East Little Havana CDC secured the necessary construction and permanent financing, undertook the construction, and successfully closed on all 11 units. All 11 units obtained and used Surtax 2nd Mortgage financing and benefited very low & low income families and the elderly.

Rio Towers Housing for the Elderly

Mixed use: Rental for the Elderly and Commercial. This is an 82 apartments building and 8,200 sq. ft. of commercial space on the first floor. Completed 1992. It is located at 905 SW. 1st Street in Miami, Florida. For years it has assisted the largest population in the area that lives on fixed income, namely the elderly. This project obtained a $1 million loan for construction financing from the Dade County Surtax program and $4,000,000 in "Low Income Housing Tax Credits" from the State of Florida and the IRS. 100% of the units are set aside for elderly and very low income tenants earning 60% of median or less.

Rio Gardens Townhouses

Home Ownership - This 22 Unit project was completed in 1996. Thedevelopment is a multi-site project located on SW. 2nd Street and SW. 3rd Street between 4th & 5th Avenues that consists of six 2-bedroom units and sixteen 3-bedroom units for a total of twenty two (22) units. The goal of this development was to provide homeownership to low and very-low income families and to alleviate the shortage of housing in the service area.

Sunrise Gardens Condominium

 

Home Ownership - Sunrise Gardens is a condominium project consisting of 12 units distributed as follows: (4) one bedroom units and (8) two bedroom units, is located on SW. 2nd St between 5th & 6th Avenues. This project delivers on both affordable pricing and creative financing of the condominium units to address the needs of low and very-low income persons. The 1-bedroom units are affordable to families earning between $12,800 and $13,800 annual income and the 2-bedroom units are affordable to families earning between $14,800 and $15,800 annual income. Monthly housing expense payments for the new owners range between $315 for the 1-bedroom unit and $362 for the 2-bedroom units (these payments including everything . . . principal, interest, taxes, insurance and condominium fees).

Riverside Gardens Phase I

Homeownership - This 10 unit development was completed in 1998. It consists of 2-bedroom and 3-bedroom units. This townhouse project was developed in two phases on multiple sites along South River Drive and on NW 2nd Street in Miami.  This project delivers on both affordable pricing and creative financing so that the condominium units address the needs of the low and very low income persons.

       

 Casa Grande Towers

Homeownership and Commercial - Casa Grande is an 80 Unit hi-rise that was completed and occupied in the summer of 1999. The project consists of 80 Condominium units on the upper 10 floors and a Commercial/Retail facility of approximately 5,000 sq. ft. on the first floor. This development serves low-income families earning 80% of median or less.

The project is located at 104-120 SW 9th Street in Miami. Financing was provided from the City of Miami, Dade County Surtax, the State of Florida, Pacific National Bank and the Federal Home Loan Bank of Atlanta. The land was purchased by ELHCDC. Approximately 100 full-time jobs were created during the construction of the project.

Riverside Gardens Phase II A 15 Units homeownership complex. Construction has concluded and project has successfully accomplished many goals in this economically depressed area of Miami. 

 

 

East Little Havana CDC

1699 Coral Way Suite 302 Miami, Florida 33145

Phone: 305-856-2547 Fax: 305-858-9569

E-mail: elhcdc@bellsouth.net