Lapis student housing affiliation approved
Florida International UniversityFlorida- Detected
- Sep 17, 2026
- 47 days ago
- Sector
- Administration & Finance
- Est. value
- Free account
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From the meeting
At its September 17, 2026 meeting, the committee recommended approval of a student housing affiliation agreement for Lapis, a 293-unit, 1,086-bed property near campus. A Florida limited liability company owned by The Affordable Housing Preservation Corporation will acquire and operate the property, while FIU receives a guaranteed annual scholarship payment and surplus cash flow without providing capital or operating the asset. The deal is already selected, so the sales value is in financing, property management, and ongoing operational services around the project.
- Meeting date
- September 17, 2026
- Agency
- Florida International University
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