First Housing Development Corporation of Florida

Owner:

HTG Palms, LLC

Architect:

Fugleberg Koch, LLC

General Contractor:

HTG Gomez Construction, LLC

Client:

HTG Palms, LLC

Scope Of Work

First Housing Development Corporation of Florida completed the Credit Underwriting for Florida Housing Finance Corporation for the construction and permanent financing of The Palms at Town Center, a 88 unit development to be located in Palm Coast Florida.  First Housing is the construction administrator for Florida Housing Finance Corporation and will conduct permanent loan servicing and be their compliance monitoring agent at completion.  

Construction to Permanent Financing includes Florida Housing Tax-Exempt Mortgage Revenue Bonds of $9,000,000, a Florida Housing State Apartment Incentive Loan of $8,500,000 and an award of Housing Tax Credits.

The Palms at Town Center will contain 30 one bedroom, 50 two bedroom and 8 three bedroom units within 3 Garden Style residential building.  The project will be income restricted at or below 80% AMI at completion and targeted to family demographics.   

Development amenities will include a clubhouse, fitness center, media center, business center, laundry room, pool, playground, sports court, dog park, car canopies, walking trail, and picnic & grilling areas.  Unit amenities will include vinyl plank flooring, patio/balcony, 9’ ceilings, ceiling fans, dishwasher, disposal, stainless steel appliances, washer/dryer hookups, granite countertops and kitchen island. 

The project is estimated to be complete around April 2020.

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