Miami Homes For All seeks to preserve existing affordable homes; create processes for the strategic deployment of publicly owned land; and identify and raise new capital for development.
The 3C initiative helps teams strengthen local community investment ecosystems and advance racial equity through safe, affordable housing.
Using the Center for Community Investment’s Capital Absorption Framework, multisector stakeholders in Miami collaborate to achieve ambitious results that go beyond individual projects to systems change. The three-year initiative is working to scale affordable housing and redress the ways structural racism has shaped American housing systems with dramatically negative consequences for many communities of color.
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How Foundations Can Unlock Investment for Community Priorities
Complex Climate Problems Call for Multi-Sector Solutions
Preserving Affordable Homes
Preserving small and medium multifamily rental buildings is critical to ensuring affordable housing for all. MHFA and its partners launched the Greater Miami Housing Alliance (GMHA) to ensure that publicly owned land creates more affordable housing.
Raise capital to invest in resilience upgrades while sustaining affordability.
Coordinate services and increase racial equity in the access to rental assistance.
Partner with public officials to change the process of deploying public land so that it’s more strategic, transparent, and beneficial to disadvantaged residents.
Launch a pilot program to support community engagement and organizing by local leaders.
As of 2020, Miami-Dade’s affordable housing shortage totaled almost 165,000 homes for those earning less than 80% AMI.
In 2020, MHFA published a plan to address the housing shortage: the Miami-Dade Affordable Housing Framework.
This grant is part of JPMorgan Chase’s national $400 million, five-year philanthropic commitment to promote housing stability and affordability and improve homeownership opportunities to close the housing affordability gap for Black, Hispanic, and Latino households.
JPMorgan Chase & Co
- Enterprise Community Partners
- Miami-Dade Dept of Public Housing and Community Development
- Miami Workers Center
- Urban Impact Lab
- Florida Community Loan Fund
- Allapattah Collaborative CDC
The Latest from the 3C Initiative
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