Housing Trust Group (HTG), an award-winning multifamily developer and one of the nation’s largest developers of affordable housing, announces the opening of Lafayette Gardens, a $21 million affordable housing community in Tallahassee, Florida. Lafayette Gardens delivers 96 one-, two- and three-bedroom apartments with rents ranging from $415 to $1,093 per month available for income-qualifying individuals who make at or below 33 percent of area median income (AMI) or 60 percent of AMI. The property is 100 percent occupied.

 

HTG’s first development in Florida’s capital in several years, Lafayette Gardens is located at 1211 East Lafayette Street on a 5.76-acre site in the Woodland Drives neighborhood, approximately 1.5 miles from downtown. The site is in close proximity to many local businesses and stores, schools, parks and more, making it perfectly situated for families who work in the area to have the opportunity to cut their commutes.

 

“As rent and cost of living continues to skyrocket, so many working Americans are being priced out of the places they call home. Those people are the backbone of our local economies, and our goal has always been to create homes to keep them in the community,” said HTG President and CEO Matthew A. Rieger. “Lafayette Gardens has given Tallahassee’s working class a place they can call home, and we are proud to continue to make housing affordable for local families who need it.”

Lafayette Gardens is a garden-style community made up of four three-story buildings with apartments ranging from 709 square feet (one bedroom) to 1,159 square feet (three bedroom). Community amenities include a clubhouse, pool, playground, media center, a state-of-the-art fitness center, a bike/walk trail, and dog park. Residents will also have access to employment assistance, financial management, and literacy services on-site. The property is conveniently located just off Apalachee Parkway, close to popular performance venue The Moon, DeSoto Site Historic State Park and Cascades Park.


Funding sources for Lafayette Gardens include an initial $15 million construction loan by Chase Bank, $16.1 million in 9 percent Low Income Housing Tax Credit Equity (LIHTC) provided by Raymond James and a $4.8 million permanent loan through Freddie Mac/Walker & Dunlop.

 

The project team for Lafayette Gardens includes general contractor Hennessy Construction Services; architect Fugleberg-Koch; engineering firm Inovia Group; interior designer Stiles Interiors; and landscape architect Wood + Partners. Both Inovia and Wood + Partners are Tallahassee-based firms.

Housing Trust Group (HTG), an award-winning multifamily developer and one of the nation’s leading developers of affordable housing, announces that it delivered 670 affordable housing units in 2021 – a year that will most likely go down in history for recording the biggest jump in apartment rent prices ever.

 

National median rental prices increased 17.8 percent since the beginning of the year, but many regions saw rents climb even higher – like South Florida, where rents jumped an alarming 36 percent year over year. 

 

By contrast, affordable housing communities like those that HTG develops and manages charge rents that are often a quarter or half of market rate rental communities, for residents that income-qualify (usually earning somewhere between 30 percent to 80 percent of Area Median Income (AMI).

 

Needless to say, these apartments fill up quickly; all of the communities HTG opened in 2021 – Oaks at Lakeside (Bradenton), Twin Lakes Estates II (Lakeland), Max’s Landing (Miami), Village View (Fort Lauderdale), Valencia Grove II (Eustis) and Lafayette Gardens (Tallahassee), and Father Marquess Barry Apartments (Miami) – were fully occupied upon opening and each with long waiting lists.

 

“While we are proud to have made a positive impact in the communities in which we delivered much-needed affordable housing this year, we are humbled by the sheer level of need across the country,” said Matthew A. Rieger, President and CEO of HTG. “Over the last two years, the affordable housing crisis in the United States has gone from bad to worse and we’re now facing a shortage of more than 7 million affordable apartments. Our sincere hope is that our leaders in Washington D.C. will utilize the opportunity to act with the Build Back Better bill and allocate significantly more resources to the financing and building of new affordable housing.” 

 

In 2021, HTG also broke ground on three new affordable housing developments in Florida – Bryce Landing (Jacksonville), Shoreline Villas (Fort Walton Beach) and Park Ridge (Mulberry), closed on the purchase of two parcels of land in Texas that will be developed in 2022, and received approval for tax credits for a new development in Illinois, in addition to continuing construction on five other developments financed in 2020. HTG also submitted applications for low income housing tax credits (LIHTC) – the primary tool for subsidizing the cost of new affordable development – in five different states: Florida, Texas, Georgia, Illinois, Colorado and Arizona, winning numerous awards.

For more information on HTG, visit
www.htgf.com.

Housing Trust Group (HTG), an award-winning multifamily developer and one of the nation’s leading developers of affordable housing, announces the opening of three new affordable housing communities in Southern and Central Florida: Valencia Grove II in Eustis, Twin Lakes Estates II in Lakeland and Oaks at Lakeside in Bradenton. The three communities delivered a combined total of 338 new affordable apartments reserved for income-qualifying residents in communities where the demand for affordable housing vastly exceeds the supply.

 

“Rents throughout Central Florida are rising at a pace faster than we have ever witnessed,” said Matthew A. Rieger, President and CEO of HTG. “While it’s gratifying to deliver these brand new communities at a time when the need is so urgent, the reality is that with thousands of people moving to Florida every day we need to build twice or triple the amount to meet the demand. Florida’s economy is heavily dependent on service workers – and those people need safe, clean and affordable places to live. If we want Florida to remain a place where service workers and seniors on restricted incomes are welcomed and able to provide for their families, then we need to prioritize the creation of more affordable housing.” 

 

In Eustis, just north of Orlando, Valencia Grove II is a new community for seniors (age 62 and over) with 110 one- and two-bedroom spacious rental homes for residents earning 22 percent, 35 percent, and 60 percent of area median income (AMI). Rents range from $286 to $937 for income-qualifying residents. The development is a partnership between HTG and non-profit AM Affordable Housing Inc., an organization founded by former Miami Heat player and NBA Hall of Famer Alonzo Mourning, marking the third collaboration between the two partners. Situated ideally near both dine-in and take out restaurants, community centers and shopping centers, the community offers amenities that include a clubhouse with a state-of-the-art fitness center, a theatre room, a swimming pool, a picnic pavilion, a courtyard, shuffleboard courts, and a community garden.

 

Twin Lakes Estates II is a partnership between HTG and the Lakeland Housing Authority to redevelop an aging public housing complex on the southern tip of Lake Beulah (formerly West Lake Apartments) into a new, affordable community with state-of-the-art amenities. Twin Lakes Estates II is a 132-unit apartment community that offers rent ranges from $437 to $908 for residents earning at or below 40 to 60 percent of AMI. Amenities include a fully loaded 3,400-square-foot clubhouse with a large community room and catering kitchen, a lounge room and computer lab, picnic pavilion, walking promenades and a playground.

 

Oaks at Lakeside, located in Bradenton, is a 96-unit apartment community reserved for residents earning at or below 60 percent of AMI. It is HTG’s second affordable apartment community in the town of Bradenton; the firm also developed The Addison. The property offers one- two- and three-bedroom apartments and amenities include a 4,300-square-foot clubhouse, a swimming pool, a picnic and barbecue pavilion, a dog park, a playground and gazebos. Rents range from $335 to $1,270 per month.

 

For more information on each of these communities, visit www.htgf.com.

 

Village View delivers 100 new apartments for seniors in one of the city’s most desirable neighborhoods 

ANF Group, Inc., a full-service construction firm providing construction management, general contracting, development, and design-build services, is pleased to announce the completion of Village View, a 100-unit affordable apartment community located in the Flagler Village neighborhood of Fort Lauderdale, Florida.  Village view was developed by Housing Trust Group (HTG), an award-winning multifamily developer and one of the nation’s leading developers of affordable housing. Apartments at the seven-story community are reserved for seniors (55 and older) earning at or below 30, 60 and 70 percent of area median income (AMI), with monthly rents ranging from $402 to $1,296.

“As demand for multifamily housing continues to be on the rise, we are excited to have been part of this residential project providing much needed affordable housing to residents in our community,” said Al Fernandez, President of ANF Group.  “We are proud to have completed this development in the Flagler Village neighborhood for HTG.”

Located at 640 N. Andrews Avenue, Village View consists of 68 one-bedroom apartments and 32 two-bedroom apartment homes ranging from 700 square feet to over 1,100 square feet, with terraces on both the first and third floors. Community amenities include a business/media center, a resort-style swimming pool with hardscape patio, a state-of-the-art fitness center, on-site management and maintenance, a pocket park, and structured parking. Units include open floor plans with porcelain floors, kitchens with granite countertops and full-size Energy Star kitchen appliances, and washer and dryers. Four of the ground-floor units offer direct access to the sidewalk via stoop entrances – fostering further connectivity between the building and the surrounding neighborhood. Camera and key fob access provide an added level of security to the community. The property is built to National Green Building Standards (NGBS).

The building design team for Village View included general contractor ANF Group; architect Corwil Architects; structural engineers Bliss & Nyitray, Inc; and MEP by Franyie Engineers, Inc. Thomas Engineering served as the civil engineer and landscape architect, while B. Pila Design Studio was the interior designer. This is Housing Trust Group’s second affordable community in Fort Lauderdale. 

Entering its 40th year in business, the award-winning firm ANF Group is perhaps best known for building the $80 million Joe DiMaggio Children's Hospital, the $50 million Nova Southeastern University Center for Collaborative Research Facility in Davie, and for its work on approximately 150 different projects for Memorial Healthcare System.  Founded in 1981, ANF is a family-owned and operated business led by Alberto Fernandez, Jr., Nelson Fernandez, and Alberto Gil. While continuing to maintain its healthcare-sector focus, the firm continues to expand into multifamily, residential, and industrial spaces.

With rents ranging from $401 to $1,443 per month, Max’s Landing’s 76 apartments leased up well before the property officially opened

   

Housing Trust Group (HTG), one of the nation’s leading developers of affordable housing, announces the grand opening of Max’s Landing Apartments, a 76-unit affordable apartment community located in the West Kendall area of Miami, Florida. Apartments at the new $25 million, garden-style community are reserved for residents earning between 30 and 80 percent of area median income, with monthly rent for qualifying residents ranging from $401 to $1,443. The property, which broke ground in February 2020, and began leasing earlier this year is already 100 percent occupied – indicative of the level of demand for affordable housing in Miami-Dade County.

 

A grand opening ceremony was held on October 8th , 2021 at the property.

 

“Max’s Landing is evidence of the tremendous need for more affordable housing in Miami,” said Matthew A. Rieger, President and CEO of Housing Trust Group. “It’s essential that we make housing more attainable for those who hold jobs that our society deems necessary, but who don’t earn high salaries – such as teachers, restaurant workers, and first responders. Safe, clean and affordable housing is critical to the overall health of our community, and our economy, and we applaud Miami-Dade County for recognizing the need for more affordable apartments in the fast-growing Kendall suburb of Miami-Dade.” 

 

Located at 8905 SW 169th Court, Max’s Landing Apartments is a three-story building with an elevator and 11,388 square feet of retail space on the ground floor, and residential units on the second and third floors. It consists of 56 one-bedroom, one-bath units, and 20 two-bedroom, two-bath units, ranging in size from 688 square feet to 1,108 square feet. Units will have washer/dryer hook-ups, full-size Energy-Star® appliances, wide plank flooring, and balconies. Community amenities include a clubroom with a kitchen and lounge seating, fitness center, business/computer room, a community garden with seating, smart storage lockers, electric car charging stations, bicycle racks and several activity areas.

 

Financing sources for Max’s Landing Apartments was provided through $14.49 million in 9 percent Low Income Housing Tax Credit (LIHTC) equity provided by City Real Estate Advisors; a $5.5 million loan from KeyBank, and $1.6 million in soft financing from Miami-Dade County. HTG purchased the 2.7-acre site in March of 2019.

 

The building and design team for Max’s Landing Apartments is Modis Architects, HSQ Engineers and Gomez Construction Company.

 

Prospective residents interested in leasing should contact HTG Management at 786-785-5520 or This email address is being protected from spambots. You need JavaScript enabled to view it..

Housing Trust Group (HTG), one of the nation’s largest developers of affordable housing, has closed on the acquisition and financing of Shoreline Villas, a new $15.6 million affordable housing community in Okaloosa County, just 10 minutes from the Panhandle city of Fort Walton Beach. Apartments at Shoreline Villas will be reserved for income-qualifying residents aged 62 years and older who earn at or below 33 and 60 percent of the area median income (AMI), with rents ranging from $482 to $1,053 per month. Construction has commenced at the property and is scheduled to be delivered in May of 2022.

 

“Fort Walton Beach, like many parts of the panhandle, is under-served where senior housing is concerned, and with more people moving to Florida every day, there continues to be considerable demand for affordable housing in the region,” said Matthew A. Rieger, President and CEO of HTG. “Shoreline Villas addresses this need for housing in the area and provides residents substantial savings on housing costs, while also providing several amenities and services that ensure a high standard of living.

 

Located at 203 Dates Avenue NW, the three-story garden-style community will offer a mix of one and two-bedroom units ranging from 650 square feet to 873 square feet. The community’s amenities will include an 800-square-foot, luxury-style swimming pool, putting green, pickleball court, fire pit, dog park, community garden and a walking path with a trellis area. In the 3,155-square-foot clubhouse on property, residents can access an activity room with a catering kitchen and bar, living room, theater, and fitness center. The clubhouse will open to a 1,127-square-foot covered patio overlooking the pool and outdoor amenities. In addition, residents will also have access to literacy training, financial assistance, and employment assistance services on-site.

 

Funding sources for Shoreline Villas include $10.4 million in 9% Low Income Housing Tax Credit Equity (LIHTC) provided by Raymond James, a $11.9 million construction loan and $5.1 million permanent loan, both provided by JP Morgan Chase Bank.

 

The project team for Shoreline Villas includes general contractor HTG Hennessy LLC, architect PQH Group, engineering firm Choctaw Engineering, landscape architect Booth Design Group, interior designer Cristina Stiles, and surveyors Panhandle Associates.

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