{"id":1004051892,"date":"2011-08-26T05:39:34","date_gmt":"2011-08-26T13:39:34","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=14802"},"modified":"2022-12-07T18:49:59","modified_gmt":"2022-12-08T02:49:59","slug":"carrfour-to-deliver-first-56-affordable-units-with-nsp2-funds","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/carrfour-to-deliver-first-56-affordable-units-with-nsp2-funds\/","title":{"rendered":"Carrfour to Deliver First 56 Affordable Units with NSP2 Funds"},"content":{"rendered":"<p>By Georgiana Mihaila, Associate Editor<\/p>\n<p>Carrfour Supportive Housing is putting federal stimulus dollars to work with the purchase of a formerly distressed apartment complex, Harvard House Apartments. The Miami-based developer purchased the property through funds from the U.S. Department of Housing and Urban Development\u2019s (HUD) Neighborhood Stabilization Program 2\u2014NSP2\u2014which aims to support affordable housing developers looking to restore formerly-distressed or abandoned multifamily properties.<\/p>\n<p>The Harvard House Apartments project calls for a total investment of $5.6 million&#8211;$1.2 million represents the initial purchase, $3 million is for renovation and building costs, and another $1.4 million is required for relocation expenditure, planning and permit expenses, and other soft costs. Carrfour Supportive Housing received a total of $17 million in NSP2 funds, out of which 50 percent <a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2011\/08\/Harvard-House-Apts1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-14805\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2011\/08\/Harvard-House-Apts1.jpg\" alt=\"\" width=\"300\" height=\"225\" \/><\/a>must be spent by February 2012, or the money will be returned to the government. Harvard House is the developer\u2019s first acquisition under the program, and Carrfour is currently on the hunt to spend the remainder of its $17 million allocation.<\/p>\n<p>Harvard House Apartments, located at 2020 NE 169th Street in North Miami Beach, will feature 56 afforable units upon completion; 28 units will be designated for residents with incomes less than 50 percent the area media iIncome. Consisting of one-, two- and three-bedroom units, the Harvard House will also offer residents access to a computer room, basketball court, gymnasium, playground, picnic area, car care area and laundry room. Approximately 170 people will call Harvard House\u2019s newly renovated units home starting late 2012, when the project is slated for completion.<\/p>\n<p>Carrfour is a non-profit organization founded in 1993 by the Homeless Committee of the Greater Miami Chamber of Commerce whose mission is to provide permanent housing and supportive services for formerly homeless individuals and families in Miami-Dade County.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Georgiana Mihaila, Associate Editor<br \/>\nCarrfour Supportive Housing is putting federal stimulus dollars to work with the purchase of a formerly distressed apartment complex, Harvard House Apartments. The Miami-based developer purchased the property through funds from the U.S. Department of Housing [&#8230;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1492,21742],"tags":[],"class_list":["post-1004051892","post","type-post","status-publish","format-standard","hentry","category-miami","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Carrfour to Deliver First 56 Affordable Units with NSP2 Funds - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/carrfour-to-deliver-first-56-affordable-units-with-nsp2-funds\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Carrfour to Deliver First 56 Affordable Units with NSP2 Funds\" \/>\n<meta property=\"og:description\" content=\"By Georgiana Mihaila, Associate Editor Carrfour Supportive Housing is putting federal stimulus dollars to work with the purchase of a formerly distressed apartment complex, Harvard House Apartments. The Miami-based developer purchased the property through funds from the U.S. Department of Housing [...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/carrfour-to-deliver-first-56-affordable-units-with-nsp2-funds\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2011-08-26T13:39:34+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T02:49:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2011\/08\/Harvard-House-Apts1.jpg\" \/>\n<meta name=\"author\" content=\"Amalia Otet\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/carrfour-to-deliver-first-56-affordable-units-with-nsp2-funds\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/carrfour-to-deliver-first-56-affordable-units-with-nsp2-funds\\\/\"},\"author\":{\"name\":\"Amalia Otet\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/9f6a1043b1429cf8ff129c75614caa73\"},\"headline\":\"Carrfour to Deliver First 56 Affordable Units with NSP2 Funds\",\"datePublished\":\"2011-08-26T13:39:34+00:00\",\"dateModified\":\"2022-12-08T02:49:59+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/carrfour-to-deliver-first-56-affordable-units-with-nsp2-funds\\\/\"},\"wordCount\":291,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/carrfour-to-deliver-first-56-affordable-units-with-nsp2-funds\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2011\\\/08\\\/Harvard-House-Apts1.jpg\",\"articleSection\":[\"Miami\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/carrfour-to-deliver-first-56-affordable-units-with-nsp2-funds\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/carrfour-to-deliver-first-56-affordable-units-with-nsp2-funds\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/carrfour-to-deliver-first-56-affordable-units-with-nsp2-funds\\\/\",\"name\":\"Carrfour to Deliver First 56 Affordable Units with NSP2 Funds - 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