Make South Florida brothers’ success possible in NYC

Salim and Kamil Chraibi have achieved great success in South Florida by building workforce housing — that is, somewhere between “affordable” and “luxury.” Policy people call this the “missing middle” of the market. So much development is either high-end or income-restricted that the in-between homes are essentially missing. The Chraibi brothers, as The Real Deal’s Lidia Dinkova detailed in an interesting profile, realized that if you build what’s missing, it sells. Their buyers are Americans who make too much money to qualify for affordable housing but too little to get a mortgage for a luxury home. Buyers might also just […] This article originally appeared on The Real Deal. Click here to read the full story.