Carollo targets $500 million city affordable housing pool
Written by Miami Today on March 6, 2018
Commissioner Joe Carollo envisions the City of Miami establishing a hefty revolving fund to build thousands of new affordable housing units each year. At a special housing workshop March 1 he detailed his plan, which he promises to introduce in formal legislation soon.
Under his plan the city would amass a $500 million revolving fund to pay to build 2,500 to 3,000 dwellings a year, with an emphasis on ownership vs. rentals…To read the full story click here