Village Place rendering
The developer of a federally subsidized senior housing community in the Flagler Village neighborhood of Fort Lauderdale has obtained a $39 million financing package led by U.S. Bank.
Housing Trust Group, a local affordable housing builder, received the financing for the 112-unit apartment building, the Sun-Sentinel reported. The company is currently constructing the six-floor building with hopes of completing it by this summer. A formal groundbreaking ceremony is being held at the 720 Northeast Fourth Avenue site today.
The project, called Village Place, includes 82 one-bedroom apartments, 30 two-bedroom units, a swimming pool and gym.
Housing Trust has completed subsidized housing communities throughout the tri-county area of South Florida. [Sun-Sentinel] — Eric Kalis
via The Real Deal Miami http://feedproxy.google.com/~r/trdnews_miami/~3/TGiUTt6SnLA/
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