MIAMI—A distressed 1950s multifamily building is getting demolished so the site on which it sits can serve as an affordable housing complex. The $20 million development of Hampton Village Apartments will offer four-stories of multifamily housing  units and services to help people better their lives.

HUD’s NSP2 initiative, part of the American Recovery and Reinvestment Act of 2009, has granted nearly $2 billion to states, local governments, nonprofits and public and or private nonprofit entities on a competitive basis, with the purpose of rehabilitating distressed properties. Carrfour Supportive Housing was part of a consortium of Miami-Dade County development firms that were granted $89 million in funding through the program.

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