An affordable housing developer is seeking funding for a 60-unit complex in Miami-Dade County. Flagler Villas would comprise 60 affordable residences, reserved for seniors earning up to 30 percent of the area median income (AMI).
At the time of publication, Miami-Dade County reported that a one-person household would have to earn $23,850 a year to qualify. Flagler Villas’ website reports that each home would offer one bedroom and one bathroom, with the mid-rise building featuring a leasing office and other interior amenities on the ground floor.
The 60-unit complex will occupy a vacant 25,000-square-foot site. Image from Google Earth
Previously, developers hoped to start construction by the end of this year, with the process expected to take 18 months. Now, the South Florida Business Journal reports that construction is expected to start in the first quarter of 2025, although it’s still expected to take 18 months. Related Urban Development Group is seeking $3.9 million in funding from the Miami Forever Bond program.
City officials are expected to consider the developer’s request next week. Flagler Villas is slated for the vacant 25,000-square-foot site at 5215 West Flagler Street, Coral Gables, FL, 33134, in Miami-Dade County. The community would butt against Florida State Road 968 and lie directly north of the University of Miami.
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