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Miami

Affordable Housing Complex Opened in Miami Overtown

The new Courtside II project offers 120 income-restricted apartments to address the city's housing shortage.

Updated on Oct. 9, 2026 in Apartments

Screen-print poster illustration of a modern urban apartment facade with tropical foliage, representing Miami's new affordable housing development.
The new Courtside II apartment complex has opened in Miami’s Overtown, providing 120 income-restricted units to help address the city's housing shortage. AI Illustration. Upload story photo >

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A new affordable housing complex called Courtside II has officially opened in the Overtown neighborhood of Miami. The development features 120 income-restricted units available to residents earning between 30% and 70% of the area median income.

Why it matters

The project serves as a key intervention in Miami-Dade County, where a shortfall of over 90,000 affordable units and a 50% surge in rent since 2020 have left over half of renters cost-burdened. This development aims to provide long-term housing security for residents in the community.

The $58 million Courtside II complex offers monthly rents starting at $683. It follows the 2016 completion of Courtside I, which cost $22.8 million and added 84 units.

The players

Housing Trust Group

This is a real estate development firm specializing in the creation of affordable, sustainable, and market-rate housing communities.

AM Affordable Housing

This is a non-profit organization focused on increasing the supply of quality, safe, and affordable housing for families and seniors.

JP Morgan Chase

This is a global financial services firm that provides investment and commercial banking solutions for public and private projects.

The details

The development was funded through a combination of public and private loans from partners including JP Morgan Chase and the Miami-Dade County Affordable Housing Surtax Program. This new construction expands on the original Courtside project in Overtown, an area that historically saw major resident displacement during the construction of I-95 in the late 1960s.

Timeline

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

  2. 2016: The Courtside I development opened.

  3. January 2020: Start of the period marked by a 50% rent increase.

  4. December 2024: Courtside II broke ground.

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

Culture Shift

This development represents a departure from the historical legacy of the I-95 construction in the 1960s, which caused mass displacement of Overtown residents. The focus has shifted toward reinvesting in long-term neighborhood stability through dedicated affordable infrastructure.

Qualified residents earning 30% to 70% of the area median income can now apply for units starting at $683 per month. This provides a direct alternative for families facing the 50% rent increase that has affected the broader Miami metro area since 2020.

The takeaway

This project highlights the ongoing effort by local developers to bridge the gap between rising rental costs and income levels. It offers a tangible model for how public-private partnerships can help stabilize vulnerable neighborhoods in expensive urban markets.

Further reading

For more information on the current housing market, visit the Miami Apartments section.

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?