First Housing Development Corporation of Florida

Owner:

Liberty Square Phase One, LLC

Architect:

Modis Architects, LLC

General Contractor:

Fortune Urban Construction, LLC

Client:

Liberty Square Phase One, LLC

Scope Of Work

First Housing Development Corporation of Florida completed the Credit Underwriting for the Housing Finance Authority of Miami-Dade County for the purchase, rehabilitation, redevelopment and permanent financing of Liberty Square Phase One, a 204 unit development located in Miami Florida.

First Housing is the construction administrator for the Housing Finance Authority of Miami-Dade County.  

Construction to Permanent Financing includes Miami-Dade County Mortgage Revenue Taxable and Tax-Exempt Bonds, City of Miami HOME Program Funds, Miami-Dade County Replacement Housing Factor funding, Miami-Dade County General Obligations Bonds and an award of Housing Tax Credits.

Liberty Square Phase One contains 24 One-Bedroom, 144 Two-Bedroom, 30 Three-Bedroom and 6 Four-Bedroom units within 6 three-story garden style residential buildings on 6.27 acres.  73 of these units will be public housing and subsidized by Miami-Dade County.  

Upon completion unit amenities will include a refrigerator with icemaker, oven/range, dishwasher, disposal, microwave oven, garbage disposal, ceiling fans, fire sprinklers, alarms, washer/dryers and balcony/patio. Common amenities will include a small park and a playground; the future Phase II site will include a 25,000 square feet recreational facility with a community center, multi-purpose rooms, national grocery store, basketball courts, Olympic-Size swimming pool, tennis courts and playgrounds that will be available to the Development's tenants.

The project is estimated to be complete around late March 2019.

For more information on First Housings’ Services contact us at loanadmin@firsthousingfl.com.