Rental assistance for low income residents that is tied to a specific property that received federally funded financial incentives
Affordable housing refers to safe, stable, and quality living spaces that are reasonably priced based on household income levels. It ensures individuals and families can secure a home without compromising other essential needs like food, healthcare, and transportation. The goal is to make housing accessible to a broader range of people, including working professionals, families, and seniors, who may be underserved by the traditional housing market.
Affordable housing is not the same as public or government subsidized housing. Instead, it refers to well maintained, privately developed housing with income based rent structures, designed to keep housing costs aligned with residents’ earnings. These homes serve working individuals and families who earn too much to qualify for traditional low-income housing but still face challenges in today’s competitive rental market.
Gran Via Apartments is an affordable elderly housing community owned by Public Housing and Community Development and located at the intersection of SW 127th Avenue and 8th Street in Tamiami.
This five-story, Silver LEED Certified building was built in 2014 and funded through Miami-Dade County’s Building Better Communities General Obligation Bond Program.
Spanning 163,507 square feet, Gran Via Apartments consists of 104 units with 12 studio and 94 one-bedroom apartments. Common areas include laundry and storage areas on each floor, a community room for residents to gather for events and gaming, covered parking with controlled gate access, and ground-floor retail currently leased to the Tamiami Branch Library.
Senator Villas Apartments is an affordable elderly housing community owned by Public Housing and Community Development and conveniently located on SW 40th Street in Westchester.
This two-story, Silver LEED certified building was built in 2019 and funded through Miami-Dade County’s Building Better Communities General Obligation Bond Program and Community Block Development Grant.
Spanning 38,000 square feet, Senator Villas consists of 23 units with 5 studio, 16 one-bedroom, and 2 two-bedroom apartment units. Common areas include exterior corridors, covered patio, lobby and management office, elevator, and 27 surface level parking spots.
Manage tenant application process, waiting list and record keeping
Ensuring properties meet federal requirements for decent, safe, and sanitary housing
Verify income eligibility of households required by the funding agency
Obtain suppliers for third party services and products
Process tenant vouchers from various agencies that provide rental assistance
Examine properties to meet Uniform Physical Condition Standards for HUD funding
Develop and implement strategy to advertise to persons less likely to apply
MAGASI is certified in tax credit property management and has been awarded a Tax Credit Advanced Specialist, Certified Occupancy Specialist, and Management Occupancy Review Specialist by The National Center for Housing Management. This qualifies MAGASI to manage Low Income Housing Tax Credit developments for private developers and HUD Multifamily Housing Projects. MAGASI is also trained in Uniform Physical Condition Standards for HUD REAC inspections.
MAGASI is always looking for new real estate partners, clients, and investors that align with our values and vision. We take pride in our service-oriented culture, management practices, and investment principles.
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