MIAMI—A distressed 1950s multifamily building is getting demolished so the site on which it sits can serve as an affordable housing complex. The $20 million development of Hampton Village Apartments will offer four-stories of multifamily housing units and services to help people better their lives.

HUD’s NSP2 initiative, part of the American Recovery and Reinvestment Act of 2009, has granted nearly $2 billion to states, local governments, nonprofits and public and or private nonprofit entities on a competitive basis, with the purpose of rehabilitating distressed properties. Carrfour Supportive Housing was part of a consortium of Miami-Dade County development firms that were granted $89 million in funding through the program.

“This is the poster child for the stimulus program because it is such a blighted building,” Stephanie Berman, president of Carrfour, the developer of the project, tells GlobeSt.com. “The residential neighborhood that couldn’t reach its potential because this very blighted property was sitting right in the middle of it. The building really attracted a lot of crime and a lot of drug users.”