Homeownership Program


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SEOPW CRA Homeownership Program Description


The Southeast Overtown/Park West Community Redevelopment Agency (“SEOPW CRA”) announced the launch of its affordable homeownership program. While addressing the City’s growing affordability crisis, the SEOPW CRA redevelopment goal is to not only provide accessible affordable housing but to also transform Overtown from a multi-family rental community into a multi-family homeownership community. 

 

The SEOPW CRA, along with Miami-Dade County and the City of Miami own over 30 parcels of land that can be developed to accommodate new homeownership opportunities in the redevelopment area. The SEOPW CRA has the experience and financial means to build new construction homeownership opportunities, which is a major priority approved by the City of Miami Commission.

 

The planned inventory under the SEOPW CRA Homeownership Program include the following:

 

SEOPW CRA Twin Homes—two identical 3-bedroom/2.5 bath two-story single-family homes totaling 4,083 square feet located at 1900 NW 2nd Court. It is the first new construction home ownership project developed and managed exclusively by the SEOPW CRA. The split-level homes feature a fully equipped kitchen and formal living and dining rooms on the first level and bedrooms on upper levels. The home also features a walk-in closet, full bath and balcony in the master suite, a carport, and metal roofing. The twin homes construction is set to be completed by Summer 2020. The SEOPW CRA is currently accepting applications.

 

Town Park Plaza North—In 2018 the SEOPW CRA purchased 19 available condominium units at Town Park Plaza North located at 1945 NW 5th Place. For the short-term use, the SEOPW CRA is currently using units as temporary relocation housing while the SEOPW CRA completes rehabilitation projects at Town Park Plaza North, Town Park Plaza South and Town Park Village. Once projects are complete, the units will be added to the SEOPW CRA Homeownership Program and will be sold at an affordable cost for future homeowners.Applications will be announced and released at the appropriate time.

 

SEOPW CRA Quadplex—In Spring 2020, the SEOPW CRA will break ground on the construction of a four-unit 6,661 square feet condominium located at 244 NW 16th Street. It will include one 3-bedroom/2.5 bath bedroom unit, two 2-bedroom/2.5-bathroom units, and one 1-bedroom/1-bathroom handicap accessible unit. Once underway, construction is expected to take 14 months for completion. Applications will be announced and released at the appropriate time.

 

Future development—The SEOPW CRA is the design phase for a 24-unit condominium, mixed-use development located at 1611 Northwest 3rd Avenue. Applications will be announced and released at the appropriate time.

 

To learn more about the Southeast/Overtown Park West Community Redevelopment Agency CRA and its initiatives, please visit www.miamicra.com/seopwcra

 


Online Application Submittal Form

SEOPW CRA Homeownership Program Application