Florida’s Housing Crisis Eased? $185M Project to Provide Units as Low as $793

A new $185 million mixed-use development, Rainbow Village, is set to launch in Miami's Overtown neighborhood, aiming to provide 310 affordable apartments for individuals and families earning between 30% and 80% of the area’s median income. This project will nearly triple the existing affordable housing units and offer rents starting at $793. Amenities will include a pool, business center, daycare, and fitness center. The development is seen as a vital step towards addressing the affordable housing crisis in Florida, benefiting working families and enhancing community stability.