Condo helps with financing

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Housing developer MFM Construction Corp., announced the company has partnered with Countrywide Financial and CitiMortgage to offer low-cost, flexible mortgage programs and financial assistance packages to buyers of its new River Grand condominium slated for the Civic Center in Allapattah.

The financing packages will include low down payments, fixed-rate-interest mortgages and no closing costs and are geared to ensuring nurses, teachers, police officers, firefighters and other public servants can afford to own or rent in the communities that depend on them, a company statement said.

The 16-story River Grand condominium, planned for Northwest 14th Street and 15th Avenue, is scheduled to break ground in November, with occupancy slated for mid-2008.

Pre-construction prices range from the low $200,000s to high the high $300,000s for the 132 one- and two-bedroom residences.

''As Miami continues to grow and demand for more affordable housing options for our workforce increase, developments such as River Grand which meet the needs of working individuals must become the norm rather than the exception,'' Eli Dreszer, a partner in MFM Construction, said in the statement.