Three years after taking over the affordable-housing division of a scandalous company that defrauded $26 million from the federal government, Atlantic Pacific Communities is still dealing with the fallout.
On July 6, Miami-Dade commissioners will vote on whether to award a multimillion-dollar contract to redevelop the county’s oldest public housing project to a competitor.
Last month, the Florida Housing Finance Corporation (FHFC) ruled Atlantic Pacific was not eligible for a combined $4.6 million in tax-credit financing for the renovation of three elderly apartment complexes in Miami-Dade and Broward counties.
The reason: Now-defunct Carlisle Development Corp. — which in 2013 sold Atlantic Pacific its low-income apartment development business – owed $1,000 in fines and failed to submit audited financials in 2014 and 2015 for the construction of four affordable housing complexes Carlisle built with low-income housing tax credits worth $70 million.
Disclaimer
The information contained in South Florida Reporter is for general information purposes only.
The South Florida Reporter assumes no responsibility for errors or omissions in the contents of the Service.
In no event shall the South Florida Reporter be liable for any special, direct, indirect, consequential, or incidental damages or any damages whatsoever, whether in an action of contract, negligence or other tort, arising out of or in connection with the use of the Service or the contents of the Service. The Company reserves the right to make additions, deletions, or modifications to the contents of the Service at any time without prior notice.
The Company does not warrant that the Service is free of viruses or other harmful components
