A proposed affordable housing project planned for an 18-acre city-owned lot in Allapattah could benefit from tax increment financing since its inclusion in the recently expanded Omni redevelopment agency boundaries.
In July, the City of Miami authorized the continued existence of the Omni Community Redevelopment Agency (Omni CRA) throughout 2047 with an increased area spanning 2,730 acres in Allapattah. Included in the new land is the sprawling General Services Administration (GSA) site, a location the CRA says could serve as a crucial driver for economic development and boost the city’s supply of workforce housing.
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