Home Business Miami-Dade Comm. To Vote On Multi-Million Dollar Liberty Square Redevelopment

Miami-Dade Comm. To Vote On Multi-Million Dollar Liberty Square Redevelopment

Miami-Dade
A rendering from Miami’s proposed Liberty Square redevelopment project

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.

By Francisco Alvarado, FloridaBulldog.org, Special to SouthFloridaReporter.com July 5, 2016 

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