Greater Miami Neighborhoods, Inc.
Executive Summary

Greater Miami Neighborhoods (GMN) creates and becomes an active participant in public-private partnerships to provide affordable rental and ownership housing for very low- and low-income households. GMN is a mission-driven, entrepreneurial, vertically integrated organization. Depending upon development needs, GMN and its affiliates perform various roles, including: developer, owner, manager, construction contractor, housing counselor, technical assistance provider, affordable housing program designer and/or program manager, and affordable housing advocate. GMN is a charitable, exempt organization pursuant to Section 501 (c) (3) of the Internal Revenue Code.

We work throughout Florida, with an emphasis on the greater Miami, Tampa, and Jacksonville metropolitan markets. We maintain offices in each market.

We provide affordable housing opportunities for very low- and low-income families having incomes ranging from 15% to 80% of area median income, adjusted for family size. The typical household served by GMN has an annual income fo 40% to 50% of area median income. The majority of our residents served (either as renters or homebuyers) are minorities.

Since our founding in 1985, we have developed or assisted in the development of over 7,000 units of affordable housing-rental and homeownership, new construction and rehabilitation. Prior to 1997, our work was exclusively in Miami-Dade County. In 1997, our work expanded to include development of an ownership of six affordable rental developments (comprising 1,581 units) located in Ocala, Tampa, St. Petersburg, Orange Park and Jacksonville, with 1,520 of these units under the direct management of GMN’s property management subsidiary, Carib Management, Inc.

GMN and our staff are active in many fields beyond direct affordable housing development and management. GMN is active in local, state, and national housing policy making through past or present leadership with the Housing Partnership Network (current Board Chairman), Governor’s Affordable Housing Study Commission (appointed by Democratic and Republican governors alike), Florida Housing Coalition (as Board Members), and many other organizations. GMN and affiliates hold numerous licenses and certifications, including HUD-Certified Counseling Agency, licensed real estate broker, licensed general contractor, etc.