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Week of December 16, 2004 |
| Group plans three affordable-housing projects By Tom HarlanA Miami-based director of a national organization is leading a team that plans to build three affordable-housing complexes in the next two years. Armando J. Bucelo Jr., a director of the National Housing Development Corp., is working with the City of Miami, Miami-Dade County and developer Salomon Yuken to add townhouses and condominiums to Allapattah, Little Havana and Overtown. "I'm the team manager," Mr. Bucelo said, adding that all the projects will be owned by the corporation and are being developed by Mr. Yuken, who has developed several affordable-housing projects in Overtown. National Housing Development is a non-profit behind more than 3,400 residences throughout the US. A subsidiary, NHDC Barcelona, is to develop the Miami projects, said Christopher Hilbert, chief financial officer of the corporation. The group plans to begin construction next month on Barcelona Condominiums, a $15 million complex at 2217 NW Seventh St. in Allapattah. Mr. Hilbert said he expects residents to move into the 12-story building by June 2006. NHDC Barcelona is to break ground in February on Latin Q Tower, a $14 million mixed-use project that is to feature 72 condominiums at 420 SW 12th Ave. The first floor is to include commercial space. The group plans to break ground in March on Overtown Condominiums, a two-story, $5 million complex that is to include up to 45 townhomes. Mr. Bucelo said the group plans to acquire more sites in the county for affordable housing. Some would be land transfers from local governments. "When you have players of this magnitude, you can't go wrong," he said. "If the money is there, we'd like to see that money placed where it should be placed - affordable housing." |
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