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$185M Miami Affordable Housing Project Breaks Ground - Connect CRE

Summary by Connect CRE
Housing Trust Group (HTG) secured financing and commenced development on Rainbow Village, a $185 million mixed-use development with 310 affordable housing units in Miami, Florida. Construction is expected to be completed in Q1 2027, with leasing to begin in late 2026. Rainbow Village will be reserved for income-qualifying residents who earn at or below 30-80 percent of the area median income (AMI). Monthly rents for our one-, two-, and three-bed…
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Connect CRE broke the news in on Wednesday, February 12, 2025.
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