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Leave No Vacant Lot Behind
Dramatically increase production of affordable houses

Opportunity: There are *thousands* of privately owned vacant lots in Miami-Dade's distressed neighborhoods - Why not acquire ownership and build houses on them?
  • FACT: a capable developer experienced in low income neighborhoods usually has no trouble obtaining construction loans which he or she can then use to quickly build affordable houses PROVIDED THAT the following are available:
  • reasonably priced "ready to build" parcels,
  • subsidized purchase loans for the homebuyers.


REMOVING THE BARRIERS


1.  LAND ASSEMBLY ASSISTANCE - There are *thousands* of privately owned vacant lots in Miami-Dade's distressed neighborhoods. Local governments should collaborate with experienced infill developers and private lenders in an aggressive strategy of acquisition followed quickly by new construction
2.  CONSTRUCTION FINANCING


3.  AFFORDABLE FINANCING FOR HOMEBUYERS:


4.  HOMEBUYER TRAINING AND PRE-CLOSING ASSISTANCE:

5.  EXPEDITE PERMITING PROCESS