For investors in Mexico, Israel, Brazil, Canada, or elsewhere, considering real estate investment in South Florida, there is a local resource that should prove very helpful to them: the Miami Downtown Development Agency.
The MDDA is a governmental entity; however, it is an independent agency of the City of Miami that is overseen by a Board of Directors made up of three public appointees and twelve downtown Miami property owners, residents and/or workers. The directors set policy, and the MDDA's work is then spearheaded by its Executive Director. The MDDA gets its money from a special property tax.
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