SILVER CREEK
Silver Creek is a mixed-use, mixed-income community with 90 residences serving families in Miami-Dade County at both affordable (80% AMI and below) and workforce (140% AMI and below) levels. The $26MM+ development is a “green” certified community and features on-site management, clubroom, game room, fitness center and a tot-lot. All apartments have Energy Star-rated appliances and open floor plans.
Silver Creek also has a state-of-the-art 3,200 sq. ft. ground floor retail bay, currently leased to and operated by a local non-profit that assists small and minority-owned businesses in the community.
Green Mills acquired the vacant property from a private land seller and was the lead developer and managing general partner. Silver Creek was recommended for an award of competitive 9% tax credits (LIHTC) by Florida Housing in Summer 2017 and commenced construction in early 2019. Construction completed in 2021 and Silver Creek maintains full occupancy. Please visit Silver Creek’s website for more information or to join its interest list.
Location Miami, Florida
Demographic Family / Workforce
No. Units 90
Lender(s) TD Bank, Florida Community Loan Fund, Miami-Dade County
Limited Partner Raymond James Tax Credit Funds
Development Cost $26MM+
Website www.silvercreekmiami.com