Greystone Provides $167 Million in Financing and LIHTC Equity for 257-Unit Affordable Housing Development in Miami

Greystone has provided a $167 million financing package for Gallery at Lummus Parc, a 257-unit affordable housing development in Miami sponsored by Related Urban Development Group. The integrated financing solution includes $80 million in construction financing through a BlackRock joint venture, $27.1 million in LIHTC equity, and a $60.1 million Freddie Mac permanent loan commitment. The high-rise development will feature 83% affordability with units ranging from 20-100% AMI and is expected to complete in late 2028.