Bishop T.D. Jakes’ real estate company, T.D. Jakes Real Estate Ventures, is partnering with New Urban Development to build affordable housing in South Florida. The partnership aims to address the housing crisis in underserved communities.
According the statement from their official website, “Bishop T.D. Jakes continues to take action in real estate. As previously reported by AFROTECH, the senior pastor of The Potter’s House is behind T.D. Jakes Real Estate Ventures, which works to create affordable housing across the U.S.”
The partnership aims to create hope and opportunity for those in need. It also seeks to improve the housing options in underserved neighborhoods. The partnership will build two developments: a multifamily complex in Hallandale Beach and a senior living complex in Miami Gardens.
The Hallandale Beach development will have 200 units on five acres whilst The Miami Gardens development will have 150 units on seven acres, plus a clubhouse and walking trails. The partnership is a way to create affordable housing in areas with limited options. It also aims to revitalize and stabilize communities.
The Dallas, Texas-based company announced that it has partnered with New Urban Development, “Miami’s largest Black-owned real estate developer,” according to a press release. As a way to tackle the housing crisis in South Florida, T.D. Jakes Real Estate Ventures and New Urban Development are set to build two affordable housing developments, one in Hallandale Beach, FL, and one in Miami Gardens, FL.
“Florida continues to grow and the need for more living options is at an all-time high,” Marcus Dawson, managing partner of T.D. Jakes Real Estate Ventures, shared in a press statement. “It is our mission to create the necessary alliances that help address the most glaring issues like affordable housing. New Urban Development shares our vision for community transformation for seniors and underserved populations, and their accomplishments in South Florida model what development should look like in our communities.”
In their press statement, “The relationships and access to funding sources through T.D. Jakes Real Estate Ventures will help us expand the work we’ve been doing to improve the housing options in overlooked and underserved neighborhoods of Miami-Dade County and surrounding areas,” Oliver Gross, president of New Urban Development, said. “We all believe in a holistic approach to community revitalization that values transformation over transactions and incorporates education programs, financial literacy and other resources to residents.”
Additional Source: www.TDjakes.org
