Affordable Senior Community in Fort Walton Beach Completed
Housing Trust Group (HTG) and AM Affordable Housing announce the completion of Shoreline Villas, a 72-unit affordable housing community for seniors in Fort Walton Beach, FL. Rents range from $587 to $1,300 per month.
Located at 302 Dates Avenue NW, the garden-style community offers amenities including an activity room with catering kitchen and bar, computer stations, and gathering areas; theater room, fitness center, swimming pool, putting green, pickleball court, walking path, and dog park
Funding sources for Shoreline Villas include $10.4 million in 9-percent Low Income Housing Tax Credit Equity (LIHTC) from JP Morgan Chase and Raymond James as Syndicator, a $11.9 million construction loan, and $5.1 million permanent loan both from JP Morgan Chase Bank.
General contractor HTG Hennessy LLC, architect PQH Group, engineering firm Choctaw Engineering, landscape architect Booth Design Group, interior designer Stiles Interior and Builders Design, and surveyors Panhandle Associates teamed on the project.