A lack of community space in western Immokalee prompted Rural Neighborhoods to seek funding for its Esperanza Community Center. Collier County provided $400,000 in CDBG funds toward the $1.2 million project. The new structure, to be located in front of the new Casa Amigos apartments, will provide meeting space, office space for non-profits, and resources…
Rural Neighborhood’s latest shared housing development, Casa Juarez, will open shortly, providing 32 new units. The apartment complex was constructed using $7 million in Florida Housing Finance Corporation SAIL funds and $500,000 from the Federal Home Loan Bank. Casa Juarez is located at Rural’s headquarters in Homestead and is the second shared housing complex at…
Cannery Row at Redland Crossing, our newest 112-unit senior rental community in Miami-Dade’s Naranja neighborhood, achieved 100% occupancy in less than 60 days as the final resident moved family pictures and furniture into their rental apartment in mid-March. Citibank and Miami-Dade County Surtax funded the mid-rise LIHTC rental community and marks Rural Neighborhoods’ first transportation-oriented…
In late May, BankUnited and Florida Housing Finance Corporation closed loans to Rural Neighborhoods for its newest rental community in Immokalee, FL. Nearly $6M was raised to build 96 SRO beds targeting low-income, H-2a visa worker and agricultural labor housing. Rural continues to serve as a national leader in housing models serving farmworkers and Casa…
Rural Neighborhoods’ President, Steven Kirk, testified before Congress in March 2021 before the House of Representatives’ Subcommittee of Transportation, Housing and Urban Development Appropriations at its Creating Equitable Communities through Transportation and Housing hearing. In answering the question as to how communities best apply a racial equity lens toward equitable development, he answered “no one…
Rural Neighborhoods’ new 62-unit Deer Creek senior housing complex in Gainesville broke ground in the 1st Quarter! In partnership with local nonprofit Neighborhood Housing and Development Corporation, Rural is building the $16 million rental community using 9% LIHTC from Alliant Capital and JP Morgan Chase together with debt from CDFI Community Housing Capital as sources…
Residents at Rural Neighborhoods’ Everglades Village in Homestead and Miami-Dade Police Department officers were busy dressing up the entrance to the 511-unit rental community with new plants and signage recently. Director of Property Management, Michael Botelho, remarked “by the end of the day all agreed we planted as much trust in each other as the…
Rural Neighborhoods is the newly, selected Developer (over a strong, competitive field of experienced firms) to design and construct 350 units in the redevelopment of the Golden Gate Golf Course located on the southern edge of Collier County. Land use and zoning changes are underway for the phased, build-out of 100 senior and special needs…
Bank United joins Rural Neighborhoods in support of Casa Amigos through its sponsorship of a $500,000 Federal Home Loan Bank of Atlanta Affordable Housing Program loan that was recently awarded to RN and its commitment of $325,000 in project bridge financing. Tax credit investor Alliant Capital has pledged $11.6M in equity toward Deer Creek Senior…
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