First Housing Development Corporation of Florida

Owner:

Ability Londontowne, LLC

Architect:

Forum Architecture & Interior Design, Inc.

General Contractor:

Sauer Incorporated

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 Village at Hyde Park, an 80-unit development to be located in Jacksonville 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 a Florida Housing State Apartment Incentive Loan of $2,865,000, a Florida Housing National Housing Trust Fund loan of $1,452,286, Housing Credits and a Construction only loan with JP Morgan Chase of $8,000,000.

Village at Hyde Park will contain 43 one bedroom and 37 two bedroom units within 1 Garden Style Residential buildings on 5 acres.  The project will be 100% income restricted at or below 60% AMI at completion.  

Standard Unit Amenities will include energy star electric over/range combination, dishwasher, and refrigerator/freezer.  Common amenities include a laundry facility, playground and recreational green space, computer lab and library.  Resident programs will be offered to include Case Managers, to assist residents needs with communicate based services, Financial Management and Employment Assistance.

The project is estimated to be complete around January 2020.

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