Cutler Manor Apartments
Cutler Manor is a 220-unit family housing development located south of downtown Miami. Built in 1971, the property had undergone some modest renovations throughout the years, but was in need of a more comprehensive renovation scope.
At the time of POAH’s acquisition in 2008, Cutler Manor and its sister properties were at risk of falling into disrepair and losing their affordability. POAH coordinated with many stakeholders to save this property from bankruptcy and take over ownership.
POAH’s $4M rehabilitation included new roofs, improvement to the apartments and the building systems, a new playground, and landscaping that enhanced its curb appeal. Now 10 years later, POAH is once again looking to recapitalize this asset and is in discussions with community members and funders to formulate a strategy.
A small but vibrant community center at Cutler hosts a variety of programs for residents ranging from a Girl Scouts chapter, to afterschool tutorial programs such as the Science/Technology and Math (STEM) class taught by students from Florida International University, to a youth employment program and a financial literacy program.
- Prudential Mortgage Capital Company (PMCC)
- Local Initiatives Support Corporation (LISC)
- Florida Housing Finance Corporation (FHFC)
- Miami-Dade County, Office of Economic and Community Development (OECD)
- US Department of Housing and Community Development (HUD)
Awards and Accolades
Named one of "The 13 Most Creative Deals of 2009" by Apartment Finance Today magazine