The rising costs and labor shortages have put tremendous pressure on construction at a time when the demand for affordable and workforce housing is at an all-time high in Miami-Dade County.
Raul Rodriguez, head of Miami-based CREI Holdings, is currently building an affordable multi-housing project, Li'l Abner 2, a 244-unit low-income multifamily complex in Sweetwater for the elderly and low-income families.
"As we are nearing completion of Li'l Abner 2, construction costs have skyrocketed," Rodriquez tells GlobeSt.com.
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