The City of Miami has approved $4.2 million in funding to support a new affordable housing initiative in the historically Black neighborhood of West Grove.
Grand Bahamas Place, a joint venture between Prospera Real Estate Collective, the Collective Empowerment Group (CEG), and Believers of Authority Ministries, aims to bring forth new homeownership opportunities to families that the traditional real estate market has long left behind.
Grand Bahamas Place will include 56 micro-condominiums designed for families earning 80% or less of Miami-Dade County’s area median income (AMI), which, as of April 2024, was $79,400. The development will revitalize Grand Avenue between Gibson Plaza and what used to be the Tikki Club near Douglas Road…