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Housing Trust Group nabs financing for $36M affordable rental project in south Dade

Thursday Aug 10th, 2017

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Coconut Grove-based Housing Trust Group closed on construction financing for a $36 million affordable housing development in south Miami-Dade. HTG plans to break ground on the 150-unit project at 13105 Southwest 248th Street in Princeton later this month, according to a press release. The developer will build Princeton Park using 9 percent low-income housing tax credits from Florida Housing Financing Corporation, $23.7 million from National Equity Fund and SunTrust, a $3.5 million loan... [read more]

Do Florida taxpayers get a good ROI? New report ranks every state.

Wednesday Mar 29th, 2017

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  Source: WalletHub We all know that a good chunk of our income goes to Uncle Sam and the state, but how much return are we getting on our tax investment? That's the subject of a new WalletHub report, which breaks down the "Taxpayer ROI" for all 50 states and Washington, D.C. And for those of us living in Florida, the outlook on returns is pretty sunny. The state ranks close to the top of the list overall for taxpayer ROI. To compile the report, the Washington,... [read more]

Underwater mortgages drop in South Florida

Thursday Mar 30th, 2017

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Thanks to steadily increasing home prices, fewer South Florida owners are weighed down by “underwater” mortgages, two recent reports show. At the end of last year, 30,442 Palm Beach County homeowners with a mortgage, or 10.6 percent, owed more than the property is worth, down from 41,046 people, or 14.2 percent in the same period of 2015, according to the CoreLogic research firm. In Broward County, 46,443 homeowners, or 12.6 percent, were under water, compared with 63,782,... [read more]

Thousands of rentals hitting the market in 2017

Wednesday Apr 5th, 2017

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Expect to see plenty of grand openings at apartment communities across South Florida this year. Thousands of units under construction for the past two years are scheduled to hit the market in the coming months, giving weary renters more choices, though landlords are still likely to be calling the shots on price, analysts say. Developers this year are due to complete 15,551 units in Palm Beach, Broward and Miami-Dade counties — a 48 percent jump from 2016 and a 62 percent hike from... [read more]

Palm Beach County to consider project with 456 units and 163,000 square feet for commercial use.

Thursday Apr 6th, 2017

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A mixed-use project in west Boca Raton would have apartments, retail, restaurants and a theater. The Palm Beach County Zoning Commission will consider the application of Glades 95th LLC, an affiliate of Deerfield Beach-based Rosemurgy Properties, Giles Capital Group and Schmier & Feurring Properties, on April 6. The company has the 38-acre agricultural site at the southwest corner of Glades Road and 95th Avenue South under contract from multiple owners. The county approved a land... [read more]

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