Mosaico is a 271-unit Affordable Housing development, completed in 2022. Interurban, Integra’s Affordable and Workforce housing vertical, acquired and rezoned a 1.2-acre parcel in Miami’s emerging Allapattah neighborhood, approximately ¼ of a mile from the Allapattah Metrorail Station.
Interurban secured HUD Section 8 Project Based Vouchers for the development, which is financed with Tax Exempt Bonds and non-competitive 4% Low Income Housing Tax Credits (“LIHTC”). Mosaico also benefits from the utilization of provisions of the Miami 21 zoning code, which allow density bonuses and development incentives for Affordable Housing. Mosaico was developed in partnership with Elderly Housing Development and Operations Corporation (“EHDOC”), a national non-profit organization specializing in Affordable Housing for seniors.