$8 million rehabilitation of the formerly-distressed property delivers 56 newly-redeveloped affordable housing units as part of HUD’s Neighborhood Stabilization Program.
MIAMI, FL – March 20, 2013 – In the latest example of federal stimulus dollars being put to work in Miami-Dade County, nonprofit affordable housing developers Carrfour Supportive Housing (http://www.carrfour.org/
Carrfour and NHT celebrated the grand “re-opening”
“Harvard House is a perfect example of how the federal government’s NSP program is breathing new life into local communities,”
Harvard House, located at 2020 NE 169th Street in North Miami Beach, consists of 56 newly-renovated affordable housing units designated for families earning at or below 50% of the area’s median income – marking the first of three NSP2-funded redevelopment projects undertaken by Carrfour in Miami.
HUD’s NSP2 initiative – part of the American Recovery and Reinvestment Act of 2009 – granted nearly $2 billion to states, local governments, nonprofits and public and/or private nonprofit entities on a competitive basis, with the purpose of rehabilitating distressed properties. Carrfour was part of the Miami-Dade County NSP consortium that was granted $89 million in funding through the program. All told, HUD has allocated $6.82 billion to NSP1, NSP2 and NSP3 grantees across the country.
Carrfour has spent $17 million in federally-granted NSP2 funds on the acquisition, renovation and redevelopment of three separate formerly-distressed Miami-Dade properties. The organization’
About Carrfour Supportive Housing:
Carrfour Supportive Housing is a nonprofit organization established in 1993 by the Homeless Committee of the Greater Miami Chamber of Commerce. Carrfour develops, operates and manages innovative housing communities for individuals and families in need through a unique approach combining affordable housing with comprehensive, on-site supportive services. As the leading not-for-profit provider of supportive housing in Florida, Carrfour has supplied homes for more than 10,000 formerly homeless men, women and children since its founding. Learn more at www.carrfour.org.
About the Neighborhood Stabilization Program (NSP):
The Neighborhood Stabilization Program (NSP) was established for the purpose of stabilizing communities that have suffered from foreclosures and abandonment. Through the purchase and redevelopment of foreclosed and abandoned homes and residential properties, the goal of the program is being realized. NSP1 (http://portal.hud.gov/