Verbena is a proposed mid-rise development located in the Leisure City Neighborhood Revitalization Strategy Area of Southern Miami-Dade County. Once completed, it will consist of 110 affordable one, two and three bedroom units in two five-story buildings with an adjoining two-story parking garage. Verbena offers easy access to the “US 1 Busway” providing rapid-transit access into the metro Miami via connecting bus service and MetroRail. Residents will find a myriad of services nearby Verbena including shopping, medical services, schools and parks.
This property is currently under construction.
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Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.
Verbena is managed by Pinnacle.