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Ten units from the Resia Old Cutler apartments will be donated to the Miami-Dade County Homeless Trust by developer Resia.

Resia Donates 10 Units in New, $60M Affordable Multifam to Miami-Dade Homeless Trust

Resia has closed on $60 million in construction financing for Resia Old Cutler, a 390-unit affordable apartment community in Miami, FL. PNC Bank provided the funding for the project, which will be made affordable to households up to 140% AMI.

Resia is donating five duplex townhomes (10 units) in the development to the Miami-Dade County Homeless Trust.

Resia Old Cutler’s eight, three-story garden-style buildings are located on Old Cutler Road and SW 107th Avenue alongside the Florida Turnpike. The property will offer one-, two-bedroom, and three-bedroom floor plans with assigned parking, business center, and two multipurpose clubhouses complete with two swimming pools and fitness center.

Resia (formerly AHS Residential) has the goal of delivering 8,000 new apartments annually by 2025.  The company seeks to address the US housing crisis by building quality apartments in growing metros where many renters are getting priced out by rising rents.


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About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

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