Community Renewal Good Stories - Miami

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Another Palmetto Homes Milestone

Miami-Dade, Florida, EZ

On February 18, 2004, Palmetto Homes of Miami, the city of Miami Department of Community Development, and the Miami Empowerment Trust, which administers the Miami-Dade Urban Empowerment Zone, held a ribbon-cutting ceremony to celebrate their latest affordable housing endeavor in the EZ.

Thanks to a $250,000 bridge loan from the Miami Empowerment Trust and a $270,000 forgivable loan from the city of Miami Department of Community Development, Palmetto Homes will construct six affordable infill homes on vacant lots and underutilized property in the EZ.

Due to the commitment of the Empowerment Trust, Ario Lundy, president of Palmetto Homes, has been able to pursue his vision "to make homeownership a reality by building affordable houses, creating job opportunities in the process, and ultimately giving people a better place to live."

For more information on programs in the Miami-Dade EZ, contact Director of Empowerment Zone Initiative Karen Moore at (786) 469-2219.