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Rio Plaza -114 Units (Homeownership) Completed 1989. The Rio Plaza North and

South Condominiums consist of 114 units in two identical, five story towers. Rio Plaza is located at 501 and at 546 SW. 1st St. In the Rio Plaza project, all of the 114 units benefit low-income families earning no more than 80 percent of Miami-Dade County median income. The project utilized Dad County Surtux 2nd Mortgage Financing on all 114 units. Property Management and Condo Association training were provided by ELHCDC for 1 1/2 years.
East Little Havana CDC

Plaza Villas -11 Units (Homeownership), Completed 1991. East Little Havana CDC

successfully completed the de
velopment of the Plaza Villas Townhouses, an 11 unit multi-site project located at 720 SW. 2nd St. and 997 SW. 6th St. East Little Havana CDC secured the necessary construction and permanent financing, undertook the construction, and successfully closed on all 11 units. All 11 units obtained and used Surtax 2nd Mortgage financing and benefited very low & low income families and the elderly. Properly Management & Condo Association training were provided by ELHCDC for 2 years.

Rio Towers Housing - Mixed use rental and commercial. 82 apartments (elderly) and

8,200 sq. ft. of commercial on the first floor. Completed 1992. It is located at 905 SW. 1st St. It has assisted the largest population in the area that lives on fixed income, namely the elderly. This project obtained a $1 million loan for construction financing from the Dade County Surtax program and $4,000,000 in "Low Income Housing Tax Credits" from the State of Florida and the IRS. 100% of the units are set aside for elderly and very low income tenants earning 60% of median or less.

Rio Gardens Townhouses- 22 Units (Homeownership) Completed 1996. The

development is a multi-site project located on SW. 2nd Street and SW. 3rd Street between 4th & 5th Avenues that consists of six 2-bedroom units and sixteen 3-bedroom units for a total of twenty two (22) units. The goal of this development was to provide homeownership to low and very-low income families and to alleviate the shortage of housing in the service area.

Sunrise Gardens Condominium -Sunrise Gardens, a condominium project

consisting of 12 units distributed as follows: (4) one bedroom units and (8) two bedroom units, is located on SW. 2nd St between 5th & 6th Avenues. This project delivers on both affordable pricing and creative financing of the condominium units to address the needs of low and very-low income persons. The 1-bedroom units are affordable to families earning between $12,800 and $13,800 annual income and the 2-bedroom units are affordable to families earning between $14,800 and $15,800 annual income. Monthly housing expense payments for the new owners range between $315 for the 1-bedroom unit and $362 for the 2-bedroom units (these payments including everything . . . principal, interest, taxes, insurance and condominium fees).

Riverside Gardens Phase I -10 Units (Homeownership) . Completed 1998. The

development consists of 2-bedroom and 3-bedroom units. This townhouse project is being developed in two phases on multiple sites along South River Drive and on NW 2nd Street. This project delivers on both affordable pricing and creative financing so that the condominium units address the needs of the low and very low income persons.

Latin Quarter Specialty Center: Mixed Use Development "A showcase of the

Hispa Culture" -Construction will begin August of 1999. The residential component of this project will consist of at least 45 units of two bedroom and three bedroom units. The commercial/retail component will consist of at least 14,000 sq. ft. and will be available for restaurants, outside cafes, souvenirs and specialty shops featuring arts & crafts of the Hispanic culture. The facility will consist of four residential stories, ground floor commercial/retail, two elevators, laundry facilities, a recreational area, playground, plaza and an underground parking garage. The Latin Quarter Specialty Center will provide homeownership to 45 moderate income families. The project will be located at SW. 8th Street and 15th Avenue across from the Tower Theater.

Casa Grande Towers, Phase I - 80 Units Mixed-Use (Homeownership) .

Completed and occupied summer of 1999. The project consists of 80 Condominium units on the upper 10 floors and a Commercial/Retail facility of approximately 5,000 sq. ft. on the first floor. This development serves low-income families earning 80% of median or less. PROJECT LOCATION: 104-120 SW 9th Street. Financing was provided from the City of Miami, Dade County Surtax, the State of Florida, Pacific National Bank and the Federal Home Loan Bank of Atlanta. The land was purchased by ELHCDC. 100 full-time jobs were created during the construction of the project.

Also:

Riverside Gardens Phase II -15 Units (Homeownership) Currently beginning construction

Casa Grande Phase II,- a Mixed-Use 80 Residential Condominium Units and a Commercial/Retail Component. Construction will soon begin on the 2nd phase of Casa Grande consisting of 80 Condominium units and a ground floor Commercial/Retail facility of approximately 5,500 sq. ft.. This development will serve low-income families earning 80% of median income or less. PROJECT LOCATION: 936-940 SW 1st Avenue. Financing has been secured including commitments from the City of Miami, Dade County Surtax, Homes for South Florida and Pacific National Bank. The site is under contract. It is estimated that 100 full time jobs will be created during the construction of the project.

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