MIAMI—A distressed 1950smultifamily building is getting demolished so thesite on which it sits can serve as an affordablehousing complex. The $20 million development of HamptonVillage Apartments will offer four-stories ofmultifamily housing units and services tohelp people better their lives.

HUD’s NSP2 initiative, part of the American Recovery andReinvestment Act of 2009, has granted nearly $2 billion to states,local governments, nonprofits and public and or private nonprofitentities on a competitive basis, with the purpose of rehabilitatingdistressed properties. Carrfour Supportive Housingwas part of a consortium of Miami-Dade County development firmsthat were granted $89 million in funding through the program.

“This is the poster child for the stimulus program because it issuch a blighted building,” Stephanie Berman,president of Carrfour, the developer of the project, tellsGlobeSt.com. “The residential neighborhood that couldn’t reach itspotential because this very blighted property was sitting right inthe middle of it. The building really attracted a lot of crime anda lot of drug users.”