Rhapsody at Rainbow Village, a $185 million affordable housing community in Miami’s historic Overtown neighborhood, has topped out. The milestone was celebrated on September 3rd and marks significant progress on one of the largest affordable housing developments in the region.
Developed by Housing Trust Group (HTG), Rhapsody at Rainbow Village is planned to feature 310 affordable apartments and nearly 12,000 square feet of retail space across a 698,000-square-foot site at 2000 NW 3rd Avenue. The project will include resident-focused amenities such as a resort-style swimming pool, fitness center, business center, daycare, playground, courtyards, theatre room, juice bar, bike storage, study areas, and a community center with a kitchen.
Credit: ANF.
“Reaching the topping out milestone at Rhapsody at Rainbow Village is a proud achievement for our entire team,” said Al Fernandez, CEO of ANF. “This development is more than just a building- it is an investment in Miami’s future and a commitment to creating safe, high-quality, and affordable housing for families who need it most in the Overtown community. We’re honored to partner with Housing Trust Group in bringing this transformative vision to life.”
Construction began in June 2025 following a groundbreaking ceremony attended by Miami-Dade County Mayor Daniella Levine Cava, Commissioner Keon Hardemon, Commissioner Christine King, and Housing Trust Group President and CEO Matthew Rieger, among other local leaders. Completion is anticipated in early 2027.
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