Commissioner Jordan press conference on $2.1 million workforce housing allocation from developer
MIAMI – Pasadena at the California Club, LLC, the newly approved residential community to be developed in District 1, will receive a substantial density bonus in exchange for a $2.1 million deposit into Miami-Dade County’s Affordable Housing Trust Fund (AHTF).
The Pasadena allocation to the County’s AHTF is the first by a major developer since the passage of the amended Workforce Housing Development Program ordinance. This deposit will assist the County in acquiring, constructing, and rehabbing more workforce housing units in Miami-Dade County.
“I am beyond thrilled to see the growing interest in the Workforce Housing Development Program,” said Miami-Dade County Commissioner Barbara Jordan. “None of this would be possible without our department staff, community stakeholders, and partners in the development community who worked tirelessly in revamping this program. I look forward to the new workforce housing program being one of our primary vehicles in addressing our affordable housing crisis.”
Pasadena at the California Club LLC,
Affordable Housing Trust Fund Board of Trustees,
Public Housing Community Development
Department of Regulatory and Economic Resources
Stephen P. Clark Center
111 NW 1st Street, 2nd Floor
Miami, FL 33128