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Florida & Gulf Coast  + Central Florida  + Senior Housing  | 
Housing Trust Group has completed construction on Oak Valley affordable housing community for seniors in Ocala, FL.

Housing Trust Group Completes $19M Affordable Senior Community in Ocala

Housing Trust Group has completed Oak Valley, a $19-million affordable housing community for seniors in Ocala, FL. Funding sources for Oak Valley include a $14 million construction loan and $3.4 million permanent loan from US Bancorp Community Development Corporation, which will ultimately invest $15.7 million in 9% tax credit equity.

Oak Valley is a garden-style community with 96 one- and two-bedroom units for residents 62 and older who earn 40% and 60% AMI. The property is 100% occupied, which according to HTG represents the overwhelming need for affordable housing in the area as it experiences a surge of in-migration from other parts of the country.

Oak Valley was developed in partnership with non-profit AM Affordable Housing Inc., an organization founded by former Miami Heat champion and NBA Hall of Famer Alonzo Mourning.

Community residents have access to a wide array of daily activities, including programs for financial management, employment assistance programs, and adult literacy.

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About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

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