Trending Multifamily News
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.
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.
Housing Trust Group (HTG), one of the nation’s largest developers of affordable housing, has closed on financing and broken ground on Bryce Landing, a new $21.9 million affordable housing community in Clay County, Florida – roughly 40 minutes south of Jacksonville. Apartments at Bryce Landing will be reserved for income-qualifying residents who earn at or below 30 and 60 percent of area median income (AMI), with rents ranging from $314 to $1,039 per month. The property is scheduled to deliver in the spring of 2022.
“The need for affordable housing in Florida is at an all-time high, and parts of North Florida like Clay County are feeling that need the most,” said Matthew A. Rieger, President and CEO of HTG. “We are honored and proud to address the demand and build Bryce Landing in a region that so desperately needs it. With the help of our committed partners, we look forward to building a quality, safe affordable housing community for the residents of Clay County.”
Located at 1914 Bryce Landing Way, the four-building garden style community will offer a mix of one-, two- and three-bedroom units ranging from 717 square feet to 1,191 square feet. The community’s amenities will include a clubhouse that contains a state-of-the-art fitness center, media center, resort-style pool and cabanas. Additional outdoor amenities will consist of a dog park, 15,000-square-foot park, playground, picnic pavilion, and an observation deck for view of the natural surrounding wetlands. Residents will also have access to literacy training, financial assistance, and employment assistance services on-site.
Funding sources for Bryce Landing include a $16.5 million construction loan, a $6.3 million permanent loan from JPMorgan Chase, and $1.7 million in 9% Low Income Housing Tax Credits from Florida Housing Finance Corporation syndicated through Raymond James Tax Credit Funds.
The project team for Bryce Landing includes general contractor Kellogg & Kimsey, Inc., architect Fugleberg Koch, landscape architect Wood and Partners, and engineering firm CHW Consultants.
Housing Trust Group (HTG), one of the nation’s largest developers of affordable housing, has been awarded tax credits from the Texas Department of Housing and Community Affairs to develop a new 90-unit, $22 million mixed-income apartment community in the heart of Fort Worth, Texas. Located at 1209 Jacksboro Highway, with elevated views over the Trinity River and Rockwood Park, Park Tower will offer 78 income-restricted apartments for households earning less than 30, 50, and 60 percent of the area median income (AMI), and 12 unrestricted, market-rate apartments. Monthly rents at Park Tower will range from $400 to $2,000.
Construction is slated to begin by February 2022, pending closing of financing, with completion expected by late 2023. The development will create approximately 145 local jobs (41 permanent), provide recurring local business revenues and generate approximately $2 million in local tax revenue during the construction phase.
“The need for affordable housing in Fort Worth has never been more urgent,” said Matthew A. Rieger, President and CEO of HTG. “We’re delighted to make our entry into the Fort Worth market with Park Tower, which will provide safe and affordable housing to Fort Worth residents who are otherwise priced out of this growing community.”
Park Tower will deliver one-, two- and three-bedroom residences in one four-story, elevator-serviced mid-rise building. Individual apartments will include balconies, window coverings, contemporary-style wood flooring with carpeting, central heating and air conditioning, ceiling fans, walk-in closets and washer and dryer connections. The kitchen will be well apportioned and include spacious quartz countertops, and Energy Star rated appliances. Community amenities will include a clubhouse/community room, business center/computer lab, state-of-the-art fitness center, central laundry, courtyard, on-site management and WiFi in all common areas. The property will offer 44 surface parking spaces and 101 garage parking spaces.
Park Tower is conveniently located west of downtown Fort Worth with close proximity to transit corridors, shopping, dining and employment centers.
The design team is headed by Overland Partners Architecture and Urban Design. Founded in 1987 in San Antonio, Overland has been recognized by Architect magazine as one of the top 50 design firms in the United States in 2015 and one of the top 50 sustainable design firms in 2016. Sensitive to the environmental and aesthetic contexts of projects, the firm thoughtfully integrates technology, art, and craft to uncover world-class, innovative sustainable solutions for highly complex projects.