First Housing Development Corporation of Florida

Owner:

Grove Pointe Limited Partnership

General Contractor:

Brookstone Construction, LLC

Client:

Grove Pointe Limited Partnership

Scope Of Work

First Housing Development Corporation of Florida completed the Credit Underwriting for the Florida Housing Finance Corporation for the rehabilitation and permanent financing of Grove Pointe Apartments, an 80 unit development located in Ruskin Florida.
First Housing was the construction administrator for the Florida Housing Finance Corporation and continues as permanent loan servicer and compliance monitoring agent.  

Originally constructed in 1996 the existing project required 64 units to be set aside for farm-worker households.  At completion of rehabilitation the project required 32 units to remain set aside for farm-worker households and the remaining 48 units be rented to individuals making 60% of less of the Area Medium Income.

Grove Pointe Apartments renovations included refurbishing unit interiors, mechanical systems, building exteriors and site improvements.  Interior renovations included shower stall repairs, ADA repairs, new tile flooring in all baths, kitchens, and living rooms, new appliances and new kitchen cabinets.  Exterior repairs included roof replacement on 15 buildings, window sill repairs and new gutters.  Site and common area improvements included parking lot repairs and sealing, fence repairs, tree pruning, new playground equipment, irrigation repairs and new sod.

The project completed rehab in August 2018.

For more information on First Housings’ Services contact us at loanadmin@firsthousingfl.com.