Riding to Success Partnering With Transit Agencies Is Key for Florida Developer
By Caitlin Jones
1 min read
Tax Credit Advisor, January 2011: Partnering with transit agencies has been key to Matthew Greer’s success in developing transit-oriented affordable rental housing projects in South Florida. These types of developments have utilized non-traditional financing and readily attract tenants, making them highly competitive in the local apartment market.
“We’ve done over a thousand units of strictly transit-oriented development – development on a publicly owned transit-funded piece of land, directly connected to a rapid transit site,” says Greer, CEO of Miami-based Carlisle Development Group, the largest affordable housing developer in Florida. “I think we’re one of the leaders in the country, by that metric.”
The thousand-plus units have been in low-income housing tax credit (LIHTC) properties, primarily in Miami-Dade County, which includes the city of Miami.
