affordable housing – Page 5

Pinnacle Secures $72M for Affordable Housing Project in Miami

By GlobeSt.com – April 6, 2023 Pinnacle has secured $72.3 million in financing for the development of Pinnacle at Tropical Pointe, an affordable housing project in Miami-Dade County’s Princeton neighborhood, GlobeSt reports. The development will include 215 units, with one- to four-bedroom apartments spread across six garden-style buildings. The project is designed to accommodate households […]

Pinnacle proposes apartments near future transit station in North Miami

By South Florida Business Journal – March 31, 2023 Pinnacle has proposed an eight-story apartment complex in North Miami on a 1.59-acre site at 12616 Arch Creek Road and 1486 N.E. 127th St. in the Transit Station Overlay District, the South Florida Business Journal reports. The project, the Arch Creek Station apartments, would include 239 […]

Breaking down Florida’s proposed affordable housing legislation

The Real Deal | Katherine Kallergis | March 6, 2023, 11:30 AM Florida’s proposed affordable housing legislation, aimed at incentivizing developers with major tax breaks and hundreds of millions of dollars in funding, is advancing in the state legislature. Senate Bill 102, known as the “Live Local Act,” and related legislation would be a boon […]

DeSantis signs bill to fund affordable housing, spur massive redevelopment

By South Florida Business Journal – March 30, 2023 Florida governor Ron DeSantis has announced a plan to invest in the development of affordable housing. The goal is to create additional affordable housing in order to address the state’s housing shortage and rising housing costs, the South Florida Business Journal reports. Senate Bill 102, aka […]

Organizations partner together to host baby shower for 40 homeless mothers in Miami

BY 7 NEWS WSVN DECEMBER 20, 2022 MIAMI (WSVN) – Some South Florida mothers are getting some much-needed holiday help. Pinnacle Developers teamed up with the non-profit organization Chapman Partnership to hold a baby shower on Tuesday for 40 homeless moms. Other organizations also took part in the event — donating baby supplies including bottles, pacifiers, […]

Affordable housing shortage has Osceola school board rethinking its sky-high impact fees

By Laura Kinsler Growthspotter Nov 15, 2022 at 5:00 pm The developer asked the Osceola County School Board to waive $1 million in school impact fees for the 96-unit affordable housing community on Shingle Creek. (Handout) On a night when dozens of school teachers pleaded for higher pay to keep up with rising inflation and […]