Village View, a 100-unit affordable senior housing development in Fort Lauderdale is slated for completion in early 2021. The community will cater to residents aged 55 and over, earning at or below 30, 60 and 70 percent of the area’s median income.
Project financing includes approximately $25 million in 9 percent Low Income Housing Tax Credit Equity (LIHTC) from Raymond James, a construction loan from Capital One and permanent financing through Walker & Dunlop.
Located at 640 N. Andrews Ave. in the emerging neighborhood of Flagler Village, the seven-story Village View will comprise 68 one-bedroom and 32 two-bedroom apartments ranging in size from 700 to more than 1,100 square feet.
Amenities will include a swimming pool, gym and media center, as well as structured parking and the community will be built to National Green Building standards.
Led by Corwil Architects, the development and construction team includes Bliss & Nyitray Inc. as structural engineer and Thomas Engineering as civil engineer and landscape architect, with B. Pila Design Studio in charge of interior design. ANF Group will be the project’s general contractor.
HTG developed more than 7,000 affordable and market-rate units throughout Florida, Georgia, Texas and Arizona. The company also has more than 2,000 new apartments in the pipeline. In December, HTG completed the first affordable development of the last 40 years in Riviera Beach, Fla.