Miami-based nonprofit BAC Funding Corp. hopes to get approval for an affordable townhome development.
The Unity Plaza project would comprise 29 residences, each a three-bedroom, 1,500-square-foot layout plan. Residency would be reserved for households earning up to 120 percent of the area median income, meaning a four-person household could earn no more than $148,680 annually to qualify. Miami-Dade’s median household income was $87,200 as of May 2025.
Right now, BAC Funding Corp. is awaiting a decision from the Miami-Dade County Commission that would award $8.5 million low-interest loan. “Low-interest” is a key factor here. Based on the specifics of the loan, BAC Funding Corp. would only pay 0.5 percent in interest during the project’s construction, and the loan would be repaid based on townhome sales, according to the South Florida Business Journal.
In January, Florida YIMBY reported on a 56-unit townhome development in Princeton (pictured). Image by Pascual Perez Kiliddjian Starr Architects + Planners
The Commission will make its decision next week. BAC Funding Corp. is leasing the site’s larger 5-acre property. The 29 townhomes would only occupy 1.85 acres of that land. This project isn’t the only evolving townhome development in the region. In January, Florida YIMBY reported on a 56-unit development in Princeton. That venture would offer homes spanning three bedrooms and topping out at 1,865 square feet each. Bluenest Development is leading the project.
Our sources list the address of the 29-unit townhome development as 6600 NW 27th Ave, Miami, FL, 33147, in Miami-Dade County.
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