(Mark Your Calendars: RealShare Distressed Assets, Oct. 4-5, Dallas)
MIAMI-Carrfour Supportive Housing is putting federal stimulus dollars to work with the purchase and restoration of a formerly distressed multifamily complex. The project will be home to about 170 people when it opens in 2012.
Carrfour purchased Harvard House Apartments for $1.2 million earlier this year with monies from the US Department of Housing and Urban Development’s Neighborhood Stabilization Program 2. Now, the affordable housing developer is getting underway on a $3 million renovation plan that will result in 56 low-cost living units.
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