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Overtown Affordable Housing Complex Has Opened

The 120-unit Courtside II project offers income-restricted apartments starting at $683 per month for local residents.

Updated on Oct. 10, 2026 in Apartments

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A new $58 million affordable housing complex has opened in Miami's Overtown neighborhood, offering 120 income-restricted units to help local families manage rising housing costs. AI Illustration. Upload story photo >

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A new $58 million affordable housing complex has opened in Miami's Overtown neighborhood. The project provides 120 income-restricted apartments for families earning 30% to 70% of the area median income.

Why it matters

The development aims to curb displacement in a region where rents have risen over 50% since January 2020. It serves as a localized response to the critical 90,000-unit shortfall of affordable housing in Miami-Dade County.

The $58 million project delivers 120 units with rents starting at $683. These additions follow the 12,000 affordable workforce units constructed in Miami-Dade County since 2024.

The players

Housing Trust Group

A developer specializing in affordable and workforce housing communities throughout Florida.

AM Affordable Housing

A non-profit organization dedicated to expanding housing access for low-income families.

JP Morgan Chase

A global financial institution providing private capital for public-interest infrastructure projects.

Miami-Dade County Affordable Housing Surtax Program

A local government initiative designed to fund the construction of workforce housing.

The details

The development was financed through a combination of public and private capital, including funds from JP Morgan Chase and the Miami-Dade County Affordable Housing Surtax Program. The project builds on the site's history of residential development following the area's displacement in the 1960s. By targeting residents within specific income brackets, the facility seeks to maintain community stability amidst rising regional living costs.

Timeline

  1. Late 1960s: I-95 construction forced relocation of Overtown residents.

  2. 2016: Courtside I development opened.

  3. January 2020: Start of period of 50% rent increase.

  4. December 2024: Courtside II broke ground.

  5. Friday, October 9, 2026: Courtside II officially opened.

The Home Front

This opening represents a minor step in addressing the systemic 90,000-unit affordable housing shortfall documented across Miami-Dade County. It follows a multi-year trend of rising cost-burdening, where over half of local renters now spend at least 30% of their income on housing.

Residents seeking affordable housing should monitor Miami-Dade County public housing portals for updates on new developments and waitlist openings. If you are currently rent-burdened, consider checking eligibility requirements for local surtax-funded housing programs.

The takeaway

Maintaining long-term affordability in Miami requires consistent investment in projects like Courtside II to offset surging market rates. Families should regularly review government housing resources to stay informed on unit availability and income-restricted program timelines.

Further reading

Learn more about the local rental landscape and eligibility in our guide to Apartments.

Source note: This article includes information reported by WLRN.

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Is housing in your community becoming more affordable for long-term residents to live in?