Miami-Dade County may transfer four affordable-housing development
projects from a developer under federal investigation to a different real-estate
firm if commissioners agree to begin the handoff Wednesday.
The four projects would be assigned to Atlantic|Pacific Community Housing Development from Carlisle Development Group. A federal grand jury in Miami is investigating allegations that Carlisle defrauded the U.S. government by padding its construction costs to receive higher tax subsidies to finance more than a dozen rental-apartment properties in Miami-Dade and Broward.
Last month, Atlantic|Pacific agreed to purchase Carlisle's affordable-housing division. As part of that deal, Atlantic|Pacific would acquire the four projects -- the Seventh Avenue Transit Village, the Northside Transit Village, Island Living and Lincoln Gardens -- while Carlisle would retain 25 existing county developments, managing 2,855 public-housing units, according to the county.
The transfer requires approval from commissioners, who are scheduled to vote Wednesday. Yet if passed, the resolution sponsored by Commissioner Audrey Edmonson would only be a first step in completing the handoff. Carlisle and the county would still have to obtain permission for the transfer from other agencies, including the U.S. Department of Housing and Urban Development and the Federal Transit Administration.
The resolution also requires Miami-Dade administrators to conduct "due diligence" research into Atlantic|Pacific -- after the commission vote -- to ensure the company is strong enough financially to take on the Carlisle projects.
Atlantic|Pacific, a Miami-based firm, said last month that Carlisle's affordable-housing business will become A|P Communities and be headed by Kenneth Naylor -- who used to be Carlisle's chief operating officer.
In May, the Miami Herald reported about a federal grand-jury subpoena issued in January that focused on Carlisle Chief Executive Matthew S. Greer, retired CEO and founder Lloyd J. Boggio and general contractor Michael K. Runyan.
Listed in the subpoena were two of Carlisle's high-rise rental projects, Villa Patricia in Little Haiti and Amber Garden in Allapattah, that will remain under the company's management following the deal with Atlantic/Pacific.
Also Wednesday, commissioners are scheduled to take up:
--Commissioner Esteban "Steve" Bovo's request that online absentee-ballot requests be made more secure, to avoid fraudulent submissions;
--Commissioner Dennis Moss' proposal to create two municipal advisory committees to explore turning unincorporated swathes of South Miami-Dade into cities of their own, or having them join existing cities; and
--Commissioner Barbara Jordan's legislation to allow the sale of beer and wine for off-site consumption at gas station mini-marts.
The meeting begins at 9:30 a.m. at the second floor commission chambers at the Stephen P. Clark Government Center, 111 NW 1st St., Miami.
(c)2013 The Miami Herald
Visit The Miami Herald at www.miamiherald.com
Distributed by MCT Information Services
Most Popular Stories
- Obama Administration Releases Proposal to Regulate For-Profit Colleges
- Apple, HP, Intel May Take a Hit from Slowdown in Smartphone Sales Growth
- Elizabeth Vargas' Husband Marc Cohn Addresses Rumors
- Keurig Adds Peet's coffee, Alters Starbucks deal
- U.S. to Relinquish Gov't Control Over Internet
- Motley Crue's Nikki Sixx Marries Model Courtney Bingham
- FDIC Files Lawsuit on Behalf of Banks Allegedly Hurt by Libor Scandal
- Chinese e-Commerce Giant Alibaba Gears for IPO in U.S.
- Some California Cities Seeking Water Independence
- Quiznos Files for Chapter 11