
Terra's Ambitious Live Local Act Project in South Dade
In a significant move to address housing needs in South Florida, Terra has proposed a 724-unit Live Local Act project on a section of the South Dade Government Center, following a no-bid leasing agreement with Miami-Dade County. This development, set to unfold over a 12-acre site in Cutler Bay, aims to provide affordable housing to the community.
Project Details: A Vision for Affordability
The project will roll out in two phases, with the initial stage featuring two eight-story buildings housing approximately 362 units, complemented by 458 parking spaces. The second phase will include additional parking without a specified unit count. Notably, the Live Local Act mandates that at least 40 percent of these units, amounting to 289, must serve households earning no more than 120 percent of the area median income, ensuring that a significant number of residents have access to affordable housing.
The Impact of the Live Local Act
Passed in 2023, the Live Local Act is designed to encourage developers like Terra to create larger residential projects in exchange for committing to affordable housing provisions. This policy not only addresses the pressing housing shortage but also reflects a growing commitment to inclusive development in rapidly growing areas of Florida.
Historical Context of Housing Developments in Miami-Dade
Miami-Dade County has a history of designating some properties as “surplus” for development through no-bid deals, which has spurred various debates about transparency and public bidding processes. Terra's latest agreement extends a pattern of collaboration between the county and private developers aimed at maximizing land use while balancing community needs.
The Future of Housing in South Florida
Terra's project represents a pioneering step towards sustainable urban development in South Florida, highlighting the demand for affordable housing amidst a competitive real estate market. As housing pressures continue to rise in Miami-Dade, projects like this may become crucial in addressing the needs of residents looking for affordable living options.
Your Voice Matters: Engage in Local Development Discussions
As housing developments impact the community directly, it's essential for local homeowners and residents to stay informed and involved in discussions surrounding these projects. Engage with local forums and provide feedback to ensure that community needs are addressed in future developments.
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