Affordable Homeownership in the Gables

Check this is site out- http://www.nhc.org/chp/p2p (pay check to pay check). It showes the annual income you need in different metropolitan areas to qualify for a mortgage for a median-priced home and the average salary for your occupation.


In Miami the median price for a home is $273,000. Study shows that an annual income of $93,500 is needed to qualify for a mortgage. A lot of people in certain industries like, healthcare, fire and police, would be hard-pressed to purchase a home. This is why more affordable housing needs to come on line along with rest of the new projects here in Miami.


Filling this need is Urbanice. A company formed by Wood Partners and Arks, LLC. They are launching four new projects, three in Miami and one in Coral Gables. All priced from the $100,000s to mid $350,000s. The one in Coral Gables is named Los Jardines and will offer 94 residences with views of Little Gables and Downtown Miami.
For more information, feel free to call or email me at Richard@RichardRecuset.com