08/21/2026
Pinnacle is moving forward with construction of Pinnacle at Tropical Crossings, a new 110-unit affordable senior housing community in South Miami-Dade, following the closing of $41 million in financing.
The milestone is drawing coverage from The Real Deal, South Florida Business Journal, Affordable Housing Finance, and other real estate and housing publications. 🗞️
This development reinforces our commitment to delivering new-construction affordable housing in the area, following the 2024 completion of Pinnacle at Tropical Pointe, which delivered 215 affordable rental homes for families.
Why does Pinnacle at Tropical Crossings matter for South Florida?
As Miami-Dade’s senior population continues to grow, so does the need for quality, affordable housing that allows older adults to remain close to the communities they’ve called home for years. This development will help meet that need with 39 studio and 71 one-bedroom affordable apartments for residents 62 and older.
The $41 million financing represents a strong public-private collaboration:
đź’° Construction and permanent financing from Bank of America and Neighborhood Lending Partners, Inc.
🏦 Low-Income Housing Tax Credit equity, a key source of funding for affordable housing, secured through Florida Housing Finance Corporation
🤝 Developer equity from Pinnacle to support the development
We look forward to sharing more updates as Pinnacle at Tropical Crossings rises in South Miami-Dade.