MIAMI (CBS4) – Some Liberty City residents who have been on a waiting list for years for a place to live have received some good news.

The second phase of the Scott Carver Hope Redevelopment has been completed and will open to residents at the beginning of the year. The new development, Northpark at Scott Carver, is a mixed-income development which has 354 rental units, 177 public housing units, 107 low and moderate income units and 70 market-rate units.

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In addition to housing, the development has new playgrounds and pools for the kids.

The development, which features “green” initiatives such as water-saving features and energy efficient appliances, represents over $65 million in new investment.

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The completion of the second phase is a stark contrast to the way the neighborhood looked in 1999 when its ramshackle buildings were torn down to make way for the redevelopment project. Back in the late 90s, the area was once of the worst for crime.

On 2008, nearly 50 former residents moved back to new apartments when the first phase of the redevelopment was completed.

“This is a great day for all the residents, all of the people who live here and work here,” said U.S. Rep. Frederica Wilson. “Oh my God, when I went into a model, I was just astonished. I said this is nice, this is wonderful, this is what the people deserve.”

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Politicians who attended Monday’s announcement have vowed to make this a total makeover by bringing in new jobs, child care and health care which are desperately needed in the community.