First Housing Development Corporation of Florida

Owner:

St. John Paul II Housing, Inc.

Architect:

BSSW Architects, Inc.

General Contractor:

Brooks & Freund, LLC

Client:

St. John Paul II Housing, Inc.

Scope Of Work

First Housing Development Corporation of Florida completed the Credit Underwriting, Davis-Bacon & Section 3 Monitoring and Administration as well as the Construction Administration for Florida Housing Finance Corporation for the construction and permanent financing of St. John Paul II Villas II, a 32 unit development located in Arcadia Florida.  This was the second of two phases developed.

First Housing is now conducting Permanent loan servicing and Compliance Monitoring for the agency.  

Construction to Permanent Financing included a First Mortgage Private Loan through SunTrust Bank of $311,105, a Florida Housing HOME Loan of $3,800,000, and a $5,000 grant from Catholic Charities.

St. John Paul II Villas II contains 16 one bedroom and 16 two bedroom units within 8 Single Story  Residential  buildings on 4.7 acres.  The project is a 100% Elderly Income Restricted community.  

Standard Unit Amenities include energy star rated appliances, central heat and air conditioning,  water conservation toilets, shower-heads and faucets.  At least 5 of the units contain roll-in showers and at least 29 of the 32 units are equipped with tub/shower combinations.  Resident Programs include Literacy and Computer Training, as well as a resident assurance  check-in program to ensure the well-being of the tenants.    

The project completed construction ahead of schedule in June 2019.

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