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Some of the $190.4 million Miami-Dade County has invested in affordable housing projects might be lost to foreclosure lawsuits from private lenders. .6 million mortgage to the Opa-locka Community.
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Federal regulators yesterday seized Suburban Federal Savings Bank. The bank had been running out of money it needed to absorb mounting losses on mortgage loans. The company was told by regulators.
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The report focused on five developments – Westview, Knickerbocker Village. receive tax breaks and low-interest mortgage loans in exchange for setting aside housing for middle-income tenants. Those.
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