Miami commission closer to issuing $85M in bonds for affordable housing

Joe Carollo (Credit: Getty Images)

Joe Carollo (Credit: Getty Images)

The Miami City Commission unanimously accepted the data of an affordable housing master plan created by Florida International University, during a special meeting on Friday.
However, city commissioners want to analyze the report’s suggestions on how to leverage $85 million in bond money for affordable housing to up to $6 billion, in order to build 32,000 affordable units over the next 10 years.

A couple of commissioners also balked at the idea of handing over $85 million to a “Miami Affordable Housing Finance Corp.” board, appointed by commissioners, as the report suggests.

Kevin Greiner, a fellow at FIU’s Jorge M. Perez Metropolitan Center that created the affordable housing report, said the finance corporation was actually suggested by city staff to make the process more efficient. “The issue going forward is one of scale, we need to ramp it up,” he told the commission.

Manolo Reyes and Kevin Greiner

Commissioner Manolo Reyes wanted to make sure that the city at least approves the data of the report that spells out the dire need that Miami has, as well as the fact that the median income within the city of Miami is significantly lower than that of the county. Reyes has been frustrated that Housing and Urban Development guidelines currently use Miami-Dade County’s area median income of $54,900. The city of Miami’s area median income was $33,999, and, as the report stated, the median income for renters citywide is $28,650.

The report, which cost the city $110,000, also points out that 57 percent of Miami households pay more than 30 percent of their incomes on housing, and that 1,286 affordable housing units are lost each year due to inflating land costs.

Accepting the report’s findings is critical for the issuance of $85 million in bond money, said Miami City Attorney Victoria Mendez.

At first, commissioner Joe Carollo advised against accepting the plan, even if it means delaying the bond money. He said he was suspicious that some of the data wasn’t accurate, and feared that the city of Miami will be hit with an adverse ruling from the Securities and Exchange Commission again. “The city has already had two major strikes,” Carollo said. “We get a third strike and it’s game over. Three strikes and you’re out.”

Carollo was suspicious because the median household income for renters for District 1, District 3 and District 5 were exactly the same: $22,760. The report also stated that District 3 and District 5 each had 20,854 units that were more than 50 years of age.

Edward “Ned” Murray, associate director of the Metropolitan Center, assured the commission that the data was taken directly from block by block data provided by the 2013-2017 census. Carollo relented after his colleagues agreed that the Metropolitan Center must turn over its raw data.

Carollo also questioned the report’s claims that it can leverage $4 to $6 billion with private loans, philanthropic donations, grants, and fees. He pointed out that the report claimed that $200 to $800 million could be raised by charging investors who leave their condos or homes empty most of the year an “empty unit fee.” Such a practice has been declared illegal in Florida, Carollo said.

Nevertheless, charging linkage fees to developers for the purpose of creating an affordable housing fund is legal in Florida, Greiner said. Through that method, between $200 and $800 million could be raised.

Finally, Carollo lamented that only a few paragraphs were devoted to creating homeownership housing in Miami. Carollo has proposed obtaining $250 million in loans and grants for such a project, which will be analyzed by city staff and an independent board of builders.

Reyes said he wants all the ideas to be analyzed by builders and financiers to see how feasible the recommendations truly are.

Dozens of affordable housing advocates, and developers, lined up to encourage the passage of the report. At the same time, developers pointed out that regulations that current zoning regulations make it impossible for smaller developers to build affordable housing on smaller lots. Complicating things further are long permitting times at the city, as well high fees for connecting sewer lines.

“Your permitting process is probably the most unfriendly process that there is,” said Albert Milo, senior vice president of Related Urban Development, the affordable housing division for the Related Group. “It is difficult for us larger builders. It is almost impossible for smaller builders. It’s impossible for them to wait because they’re trying to invest their money.”

Ocean Drive Magazine Celebrates January Issue with Dinner at CVLTVRA and Official After Party at E11even

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On January 27, 2020, Ocean Drive magazine celebrated their January issue with cover star Nicole Williams English. Following the party, Nicole Williams English and friends made their way to CVL…

¿Cómo moverse por Miami durante el fin de semana del Super Bowl?

¿Cómo moverse por Miami durante el fin de semana del Super Bowl?

Con esta guía  podrá prepararse para los dolores de cabeza en tránsito que ocurren una vez en una década que acompañan al Super Bowl LIV.

Por Redacción MiamiDiario

Los patrones de tráfico en constante cambio destinados a acomodar a unos 150,000 visitantes de fuera del estado probablemente molestarán incluso a los conductores locales más experimentados.

Afortunadamente, los funcionarios locales, el Comité Anfitrión del Super Bowl LIV y los servicios de viaje compartido Uber y Lyft han publicado información sobre cómo moverse mejor por Miami durante el gran fin de semana. Esto es lo que puedes esperar.

Metrorail y Metromover (solo Miami)

Los horarios de Metrorail y Metromover, que según el comité anfitrión son la «forma más eficiente de viajar por Miami», se han ajustado para acomodar la afluencia de invitados a los eventos del Super Bowl Live en Bayfront Park. El Metromover seguirá siendo gratuito durante el fin de semana del Super Bowl y continuará atendiendo las paradas más cercanas al Super Bowl Live: Bayfront Park Station, First Street Station y College Bayside Station.

El estacionamiento está disponible en estaciones selectas. Para obtener información sobre la ruta, los fanáticos deben descargar la aplicación móvil Miami-Dade Transit Tracker o consultar el sitio del rastreador de tránsito del condado.

Carretilla

Miami y Miami Beach ofrecerán servicios de tranvía que brindan acceso a eventos del Super Bowl y otros destinos.

En Miami, el tranvía ofrece viajes gratis al Bayfront Park, así como lugares populares en Little Havana, Wynwood y el Design District. Las horas de operación del tranvía varían según la ruta, y los funcionarios locales aún no han anunciado si habrá cambios de horario para acomodar el gran juego. No todas las rutas funcionan el domingo, pero las que funcionan hasta las 8 p.m. Salvo un anuncio de último minuto de los funcionarios locales, su mejor opción es verificar las actualizaciones de ruta en el sitio web de la ciudad.

Un tranvía gratuito también funciona en Miami Beach. Viaja por tres rutas: Collins Express, Middle Beach Loop y South Beach Loop, que brindan acceso al Centro de Convenciones de Miami Beach, donde está ocurriendo el evento de varios días Super Bowl Experience. Para obtener más información, consulte la página del tranvía de Miami Beach.

Scooters

Los amo o los odio, los scooters eléctricos proporcionan una forma rápida (aunque algo tonta) de maniobrar a través del tráfico. Miami ha establecido «corrales» de estacionamiento para scooters, presumiblemente para evitar que se caigan en medio de las aceras o se esparzan por los parques. Las aplicaciones de alquiler de scooters como Bird han advertido a los usuarios que usen un casco, monten sobrios y se abstengan de viajar con otra persona en el mismo scooter.

Estacionamiento de scooter en el centro de Miami:

Conducción

Para los masoquistas que disfrutan de estar sentados en el tráfico: si vas a salir a la carretera, debes saber sobre los cierres de carreteras, de los cuales habrá algunos.

Miami

El Comité Anfitrión del Super Bowl LIV dice que se esperan cierres de carreteras en Biscayne Boulevard, cerca de Bayfront Park y el Adrienne Arsht Center, cerca de la I-395. En otras palabras, si vas a Super Bowl Live, prepárate para estacionar al menos a unas cuadras de distancia.

Todo el tráfico en dirección sur en Biscayne Boulevard se redirigirá a NE Second Avenue, mientras que los conductores en dirección norte se dirigirán a los carriles en dirección sur en Biscayne Boulevard (confuso, lo sabemos). Los conductores en dirección norte por el Arsht Center serán redirigidos a NE First Avenue. El acceso a la I-395 permanecerá abierto.

Miami Beach

En Miami Beach, Convention Center Drive estará cerrado, al igual que partes de Washington Avenue adyacentes al centro de convenciones. El tráfico en esas carreteras se desviará a Meridian Avenue.

Uber, Lyft y otros servicios de viaje compartido

¿Quiere saltarse la molestia de conducir y estacionar? No estás solo. Miami y Miami Beach parecen estar esperando muchos pasajeros de viaje compartido, ya que han establecido áreas de recogida y recogida para evitar atascos.

Si planea asistir al Super Bowl Live, puede tomar un paseo frente al Bayfront Park. Los pasajeros hacia el norte que deseen dirigirse a Miami Beach, I-95 South o I-395 deben esperar los viajes en SE First Avenue. Los pasajeros hacia el sur destinados a Brickell e I-95 North deben ordenar sus viajes en SE Second Avenue.

En South Beach, encontrará la zona de viajes compartidos a solo una cuadra del Centro de Convenciones de Miami Beach, en la acera a lo largo de la avenida Meridian entre las calles 18 y 19.

Uber y Lyft esperan un aumento en las solicitudes de viaje y, por lo tanto, un aumento probable en las tarifas durante las horas pico.


Con información de miaminewtimes

 

 

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La entrada ¿Cómo moverse por Miami durante el fin de semana del Super Bowl? se publicó primero en Miami Diario.

US homeownership rate rises to highest level in 6 years

US homeownership rate rises to highest level in 6 years

(Credit: iStock)

(Credit: iStock)

The U.S. homeownership rate is now at its highest point in six years, signaling continued confidence in the market despite anxiety that the current cycle is nearing an end. Rates dipped in most big cities, which have priced out many potential buyers.

According to fourth-quarter U.S. Census data released Thursday, 65.1 percent of Americans owned their own homes. While that represented a slight increase from the 64.8 percent from the third quarter, it highlights the sustained recovery of the U.S. home-buying market following the last housing crash.

One economist called the uptick a positive event for the larger economy.

“The homeownership rate is a great indicator of middle-class financial well being, so to see that rate go up is good,” said Danielle Hale, chief economist at Realtor.com.

The release comes as pending home sales dipped in December — usually a slower period — though for the year, contract signings are up.

In the New York metropolitan area, the homeownership rate dropped to 50.4 percent from 51 percent in the third quarter, according to the Census Bureau. Rates were flat in Los Angeles, but inched up in Chicago and Miami.

By age group, homeownership rose year-over-year for all cohorts, including those under 35 years old, except for those between 35 and 44 years old, according to the data.

“Some of them would’ve been entry-level buyers during the last housing boom,” Hale said. “They’re still having a hard time recovering after that.”

Also on Thursday, a day after the Federal Reserve maintained the range of its benchmark interest rate, Freddie Mac dropped its 30-year mortgage rate to 3.51 percent. That’s a 95 basis-point fall from the year before.

Hale said the drop is a reflection of stock market volatility — in part because of deepening concerns over the outbreak of the coronavirus and its impact on an already slowing global economy.

“The uncertainty’s not great for instilling confidence, but the lower mortgage rates will help home buyers in the market,” she said.

Write to Mary Diduch at md@therealdeal.com

The post US homeownership rate rises to highest level in 6 years appeared first on The Real Deal Miami.

Ocean Drive Magazine's Big Game & January Cover Release Celebration with Nicole Williams English presented by MSC Cruises

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Miami, FL – January 27, 2020 – Ocean Drive magazine celebrated its January issue release and the Big Game week with cover star Nicole Williams English at the Garden Rooftop in Miam…

Cachorros de Miami-Dade compiten por la gloria en el ‘Puppy Bowl’ de Servicios para Animales

Cachorros de Miami-Dade compiten por la gloria en el ‘Puppy Bowl’ de Servicios para Animales

Si no te gusta el fútbol americano y no quieres asistir el domingo al Super Bowl, pero sí los cachorros, ve a la fiesta TAILgate en el Servicio de Animales de Miami-Dade para animar a los perros de Miami-Dade seleccionados para jugar en el XVI Puppy Bowl de Animal Planet.

Por Redacción Miami Diario

La celebración tendrá lugar el domingo 2 de febrero, de 10 a.m. a 4 p.m. en el Centro de Adopción y Protección de Mascotas ubicado en 3599 NW 79 Avenue en Doral.

Los adorables cachorros que participan en el Puppy Bowl son Cafecito, Goldie y Comet. Tanto Goldie como Cafecito estarán allí el domingo para conocer a sus fans.

Cafecito es una mezcla de caniche y maltés. Temperamento: Altamente cafeinado. Se llama así por el combustible característico de Miami: El expreso cubano. Llegó al refugio como un vagabundo y tiene mucha energía.

Goldie es una mezcla de Terrier macho. Temperamento: Obediente y dulce. Goldie es descrito como una bola de pelusa gigante que gira la cabeza dondequiera que vaya.

El cometa es un labrador macho «receptor». Temperamento: Cerdo de pelota atlética. Este pequeño labrador amarillo es un atleta natural, rápido y duro.

Finalmente, está Ziggy, un macho de 5 años de edad, mezcla de Papillón y Corgi, que compite por el primer Premio Súper Senior en el Dog Bowl III. Su temperamento es serio y fuerte. Es un niño muy bien educado que le gusta hablar de largas caminatas y le encanta su juguete de fútbol chillón. Dog Bowl III se emite en Animal Planet el sábado 1 de febrero a las 8:00 p.m.

Luego, el domingo del Super Bowl, 96 cachorros compiten en el Puppy Bowl XVI, incluyendo a Cafecito y Goldie, que empiezan en el Team Ruff. Cafecito también compite por la oportunidad de ganar el Trofeo CHEWY «Lombarsky».

Estos cachorros no sólo compiten por el título del campeonato, sino que también esperan encontrar sus hogares para siempre.

El Puppy Bowl fue creado para concienciar a la gente sobre los miles de mascotas de refugio que esperan encontrar un hogar. Además, en el TAILgate de Servicios para Animales, los cachorros y los perros adultos estarán disponibles para su adopción, y todos los que adopten un perro el domingo se irán a casa con algo de comida gratis para mascotas, hasta que se agoten las existencias.

«No sólo nuestros perros de refugio son mascotas increíblemente cariñosas, sino que algunos de ellos son también atletas de élite», dijo Alex Muñoz, Director de Servicios para Animales. «Nuestros reclutas del Puppy Bowl traen la conciencia a las maravillosas mascotas que tenemos esperando encontrar hogares amorosos para siempre.»

Fuente: Miami Cbs

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La entrada Cachorros de Miami-Dade compiten por la gloria en el ‘Puppy Bowl’ de Servicios para Animales se publicó primero en Miami Diario.

Frank Lloyd Wright’s architecture school is closing after 88 years

Frank Lloyd Wright’s architecture school is closing after 88 years

Frank Lloyd Wright and the School of Architecture at Taliesin Arizona Campus (Credit: Getty Images and Wikipedia)

Frank Lloyd Wright and the School of Architecture at Taliesin Arizona Campus (Credit: Getty Images and Wikipedia)

The architecture school founded by Frank Lloyd Wright is closing after almost 90 years.

The School of Architecture at Taliesin, which has campuses in Wisconsin and Arizona, said it would shutter operations after the school’s board failed to reach an agreement with the Frank Lloyd Wright Foundation, according to Archinect.

“The School of Architecture at Taliesin will cease operations after this semester, after a gut-wrenching decision by its governing board on Saturday,” the school board wrote in a statement. “The School of Architecture at Taliesin was not able to reach an agreement with the Frank Lloyd Wright Foundation to keep the school open.”

The late architect’s eponymous foundation issued a separate statement that said the school board had indicated the school “did not have a sustainable business model that would allow it to maintain its operation as an accredited program.”

After further negotiations to try and keep the school open until 2021, the parties could not come to an agreement. The school, which currently has about 30 students, was named after Wright before changing its name in 2017, marking a formal separation between Wright’s foundation and the school.

Wright, who died in 1959, designed some of the most well-known buildings in the world, including the Solomon R. Guggenheim Museum in New York. In July, eight Wright-designed buildings joined were added onto the United Nations’ World Heritage List.

His school, which was founded in 1932, has graduated over 1,000 students. In July, the two campuses were included among eight Wright-designed structures in the UNESCO World Heritage list. [Archinect]David Jeans

The post Frank Lloyd Wright’s architecture school is closing after 88 years appeared first on The Real Deal Miami.

Richard Meier & Partners alums launch architecture firm

Bernhard Karpf and Parsa Khalili

Bernhard Karpf and Parsa Khalili

The architect who oversaw Richard Meier & Partners after its founder was accused of misconduct has launched a new firm.

Bernhard Karpf and Parsa Khalili launched Karpf Khalili Architects late last year, according to New York Department of State records. Karpf left Meier’s firm in July 2019, after more than 30 years with the company. He’d taken over day-to-day operations in October 2018, following a New York Times story that detailed multiple allegations of sexual misconduct against Meier.

Khalili worked for Meier from 2009 to 2013, serving most recently as an associate and director of visualization. He’s also worked for Diller Scofidio + Renfro and is a visiting lecturer at Princeton University.

“Karpf Khalili is a collaboration of two architects with complementary skills and expertise. We are interested in all types of ambitious projects with architectural significance,” Khalili said in an email. “Our story is unique and our collective experience allows us to tackle the challenges of architecture today.”

This week, Karpf and Khalili’s recent proposal for a temporary pavilion on Roosevelt Island was named one of five finalists in the annual City of Dreams Pavilion competition. According to their firm’s website, the Brooklyn-based studio is open to designing all building types and has “deep experience with cultural, commercial, residential, and civic work.”

Others have left Meier’s firm following the scandal. Reynolds Logan — who along with recently promoted principals Vivian Lee and Dukho Yeon ran daily operations with Karpf — left the firm sometime this month. He couldn’t be reached for comment, and representatives for Meier’s firm declined to comment.

Last year, The Real Deal reported that Meier remained a regular presence in the Midtown office, despite multiple reports that he was scaling down his role at the firm. At the time, five of the women who had accused Meier of sexual misconduct told TRD that they felt the firm wasn’t doing enough to address the alleged misdeeds of its founder.

Write to Kathryn Brenzel at [email protected]

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Miami Dade College está aceptando nuevamente solicitudes para el Programa 10,000 Small Businesses

Miami Dade College está aceptando nuevamente solicitudes para el Programa 10,000 Small Businesses

Aún tiene chance de formar parte del Grupo 20 del Programa 10,000 Small Businesses, ya que el Miami Dade College está aceptando nuevas solicitudes. El programa  comenzará el 13 de mayo, en el Campus Wolfson. Los seminarios web o webinars ya se están realizando hasta el 4 de febrero. El plazo de inscripción vence el 6 de febrero.

Por Redacción Miami Diario

Es de hacer notar que 10,000 Small Businesses (10KSB) de Goldman Sachs es un programa práctico de enseñanza de negocios en el aula, que les proporciona a los empresarios valiosas destrezas para perfeccionar sus negocios, así como la oportunidad de tener acceso a capital financiero y a potentes contactos profesionales, entre otros beneficios, sin costo alguno para los participantes.

Un dato a considerar es que el currículo consiste en asesoría individual, cursos intensivos y talleres administrados principalmente por profesores del MDC. Además, los profesionales de Goldman Sachs se desempeñan como panelistas y jueces de lo que se conoce como ensayos académicos o “Rocket Pitches”, donde los dueños de empresas practican sus presentaciones a un prestamista o inversionista potencial. Asimismo, los participantes aprenderán a identificar y evaluar oportunidades, a entender los estados financieros, a contratar, retener y dirigir empleados, a negociar con éxito y crear un plan de crecimiento integral, entre otras lecciones.

Hay que resaltar que el programa fue inaugurado en la Torre de la Libertad del MDC el 1 de octubre del 2013, cuando Goldman Sachs y el Miami Dade College iniciaron una alianza de 5 años y $5 millones para poner en marcha el programa 10KSB en Miami. Los solicitantes deben reunir los requisitos siguientes:

Ser propietario o co-propietario de una empresa
Tener una empresa en operaciones durante dos años como mínimo
El negocio debe tener ingresos de al menos $150,000 en el año fiscal más reciente
Tener cuatro empleados como mínimo, incluyendo al dueño.

Es importante significar que en los primeros seis años del programa –que comenzó en febrero del 2014 y contó con graduados del MDC, profesionales de negocios locales y asesores – se graduaron 502 propietarios de pequeñas empresas equipados con las destrezas necesarias para el crecimiento.

Con información de nota de prensa

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La entrada Miami Dade College está aceptando nuevamente solicitudes para el Programa 10,000 Small Businesses se publicó primero en Miami Diario.