SILVER CREEK

Silver Creek is a mixed-use, urban in-fill, $26MM new construction mid-rise with 90 residences, on- site management, and various community amenities. Construction commenced in 2018 and completed in
2020.

Silver Creek is financed with 9% Low Income Housing Tax Credit (LIHTC) equity via Raymond James, conventional debt from Florida Community Loan Fund, and other gap subsidies including Miami-Dade County Surtax funds.

Silver Creek is a mixed-income family community – with low-income, workforce, and market rate residences – and includes third-party retail on the ground floor leased to a local nonprofit focused on small business incubation. Silver Creek is fully occupied and maintains a waiting list.

Location: Miami, Florida
Project Details:  90 Multi-family Apartments (Mixed Income)
Construction Start/Completion:  2018/2020
Green Mills Group: Developer/Owner/Asset ManagerLender(s) TD Bank, Florida Community Loan Fund, Miami-Dade County
Limited Partner Raymond James Tax Credit Funds
Development Cost $26MM+
Website www.silvercreekmiami.com