Florida Trend reports that CREI Holdings’ Li’l Abner III has secured a $67 million loan from Centennial Bank to commence construction on a development aimed at Miami-Dade County’s workforce. Located in the City of Sweetwater, the eight-story building will feature over 300 units and is set to open in mid-2026. Of these units, 40% are reserved for individuals earning up to 80% of the area median income (AMI), while the remaining units are capped at 120% of the AMI. Additionally, 40% of the units will be designated for residents aged 55 and older. The previous phase, Li’l Abner II, completed last year, is nearly fully occupied.

READ MORE

The Ronald McDonald House Charities of South Florida (RMHC) has named CREI Holdings managing member and Li’l Abner Foundation founder Raul Rodriguez a 2024 ‘12 Good Men Honoree.’ This year, local elected officials, philanthropists, and businessmen were recognized for their significant contributions to enhancing the South Florida community.

“It’s an honor to receive the Twelve Good Men Award from the Ronald McDonald House,” Raul said. “I share this recognition with everyone involved in the Li’l Abner Foundation because our community work is a team effort. I’m grateful for their dedication, commitment to making a difference, and for embracing my vision to help children reach their full potential, regardless of their socio-economic background. Every child deserves the chance to thrive and live a productive life. This award motivates us to keep working hard to expand the Foundation’s work in our community.

READ MORE

Seniors Housing Business reports CREI Holdings secured a $67 million construction loan from Centennial Bank to build the 8-story, 328-unit Li’l Abner III affordable/workforce housing project in Sweetwater, Florida, with construction starting in Q2 2024 and completion expected in Q2 2026. The project will have a mix of units aimed at households earning 80-120% of area median income, with nearly 40% reserved for residents aged 55 and older.

READ MORE