(Mark Your Calendars: RealShareDistressed Assets, Oct. 4-5, Dallas)
MIAMI-Carrfour Supportive Housing is puttingfederal stimulus dollars to work with the purchase and restorationof a formerly distressed multifamily complex. The project will behome to about 170 people when it opens in 2012.
Carrfour purchased Harvard House Apartments for $1.2 millionearlier this year with monies from the US Department of Housing andUrban Development’s Neighborhood Stabilization Program 2. Now, theaffordable housing developer is getting underway on a $3 millionrenovation plan that will result in 56 low-cost living units.
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