First Housing Development Corporation of Florida
Tampa, FL 33606
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Hilltop Landings Apartments
Project Information
- Project Location:
- Dade City, FL
- Approx Contract:
- $25,000,000
- Status:
- Completed - May 2016
- Structure Type:
- Apartments & Condominiums
References
- Owner:
- Dade Oaks, LLC
- Architect:
- Gorman & Company, Inc.
- General Contractor:
- Gorman General Contractors, LLC
- Client:
- Dade Oaks, LLC
Scope Of Work
In 2014, Gorman & Company secured FHA 221(d)(4) financing from First Housing Development Corporation of Florida, Collateralized Bond & HOME program financial from Florida Housing Finance Corporation, HOME & SHIP program financing from Pasco County and an allocation for Housing Credits, in order to construct Hilltop Landings in Dade City Florida.
Built in 1982, the Dade Oaks Apartments, located just 1 mile away, dealt with extensive flooding issues to the point that the existing buildings, club house and infrastructure were significantly damaged making rehabilitation infeasible. Hilltop Landings was built in partnership with the Pasco Housing Authority to replace this project.
Hilltop Landings is a tenant based rent and income restricted community located on 13.28 acres. It contains (35) paired housing buildings totaling 69 units with 14 one-bedroom, 23 two-bedroom, 17 three bedroom and 15 four-bedroom units plus a community room. Amenities also include a playground accessible to children with disabilities, energy star rated appliances, and resident activities that will be sponsored by the Owner and Management Company with the goal of fostering a sense of community by bringing residents together on a regular scheduled basis by providing activities such as holiday and special occasion parties, community picnics, newsletters and special functions for children.
The tenants who resided at the Dade Oaks Apartments got first dibs on securing a new place to live at Hilltop. The costs to relocate the residents to their new homes was covered by the Uniform Relocation Assistance and Real Property Acquisition Policies Act of 1970.
Construction was completed in May 2016 and currently First Housing is handling permanent loan servicing of the HUD insured first mortgage.
For more information about First Housings Multi-Family Affordable Housing Lending Programs please contact us today.
